Updated Oct 25, 2024
Jalal Abuimweis Acquires Multifamily Property In Miami For $3.7M
2605 NW 135th St, Miami, FL, USA
$3,700,000
$126/SF
Building Size
29,222 SF
Asset Type
MultiFamily
Closing
Jul 12, 2020
About this deal
AI
The multifamily property located at 2605/2561 NW 135 St in Miami was recently sold for a sale price of $3,700,000. The property consists of 38 units, with an average price per unit of $97,368. The total square footage of the property is 29,222, resulting in a price per square foot of $127. The sale took place on July 12, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Address: 2605/2561 NW 135 St, Miami
- Market: Miami
- Buyer: Jalal Abuimweis
- Seller: Raul Fernandez
- Units: 38
- Price per Unit: $97,368
- Square Footage: 29,222
- Price per Square Foot: $127
- Date: July 12, 2021
Jalal Abuimweis represented himself as the buyer in this transaction, while Raul Fernandez acted as the seller.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93