facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

2405 Northwest 135th Street

Jose Garcia Acquires Miami Multifamily Property For $20.1M With Brokers Carlos Fausto Miranda, Frank Campos & Vicente Rodriguez
SOLDMultiFamily

Jose Garcia Acquires Miami Multifamily Property For $20.1M With Brokers Carlos Fausto Miranda, Frank Campos & Vicente Rodriguez

2405 Northwest 135th Street

$20,100,000

$252/SF

Building Size

79,750 SF

Asset Type

MultiFamily

Closing

Sep 19, 2023

AI

A multifamily property located at 2405 Northwest 135th Street in Miami was recently sold for a price of $20,100,000. Spanning an area of 79,750 square feet, the property was purchased by Jose Garcia from Laura Char. The transaction was facilitated by Carlos Fausto Miranda, Frank Campos, and Vicente Rodriguez of Fausto Commercial Realty Consultants.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $20,100,000
  • Square Footage: 79,750
  • Price per Square Foot: $252
  • Address: 2405 Northwest 135th Street, Miami
  • Market: Miami

Jose Garcia acted as the buyer in this transaction, while Laura Char served as the seller. The deal was negotiated by Carlos Fausto Miranda, Frank Campos, and Vicente Rodriguez of Fausto Commercial Realty Consultants, who represented both parties. This successful sale highlights the expertise and experience of these knowledgeable brokers in the Miami market.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

Jose M. Garcia

Buyer

$32.3M

vol

4 deals

Buyer

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93