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

Property Image
SOLD
$20,100,000
Vicente Rodriguez
Frank Campos
+ 1

Florida

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MultiFamily79,750 SF
Sold 09/19/2023
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Property Image
SOLD

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

2405 Northwest 135th Street

See Similar Deals
MultiFamily79,750 SF
Sold 09/19/2023
Vicente Rodriguez
Frank Campos
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:79,750 SF
Transaction Type:Sale

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
54 deals$239.3M volume(305) 431-2258
BROKER

Vicente Rodriguez
Fausto Commercial Realty Consultants
16 deals$63.5M volume(305) 510-6627
BROKER

Frank Campos
Fausto Commercial Realty Consultants
2 deals$21.5M volume(786) 805-7408
BROKER

Details

SOLD
IMAGE: Vicente Rodriguez, Carlos Fausto Miranda & Frank Campos DATE: 09/19/2023 ADDRESS: 2405 Northwest 135th Street MARKET: Miami ASSET TYPE: MultiFamily BUYER: Jose Garcia SELLER: Laura Char BROKERS: Carlos Fausto Miranda, Frank Campos (@miamicommercialdeals) & Vicente Rodriguez - Fausto Commercial Realty Consultants (@faustocommercial) SALE PRICE: $20,100,000 SF: 79,750 ~ PPSF: $252

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,072,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,411.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,284.25
Annual Debt Service$1,143,411.05