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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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