Lester Delgado Y Reynier Diaz Acquire Miami Multifamily For $2.61M
268 Northwest 34th Street
$2,610,000
$468/SF
Building Size
5,574 SF
Asset Type
MultiFamily
Closing
May 14, 2024
AI
The multifamily property located at 268 Northwest 34th Street in Miami was recently sold in a transaction. The property consists of 10 units with a total square footage of 5,574. The sale price for this asset was $2,610,000, resulting in a price per unit of $261,000 and a price per square foot of $468.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Buyer: Lester Delgado y Reynier Diaz - Renzzi Investment
- Seller: Lauren DeMasi - Miami 268 CRE 002
- Buyer's Representative: Ambarina Pernia - RESF
- Units: 10
- Square Footage: 5,574
- Price per Unit: $261,000
- Price per Square Foot: $468
The buyer in this transaction, Lester Delgado y Reynier Diaz, represented Renzzi Investment in the acquisition of this multifamily property. On the other side of the deal, the seller, Lauren DeMasi, from Miami 268 CRE 002, facilitated the sale. The buyer's representative, Ambarina Pernia from RESF, guided the client through the purchase process and ensured a successful transaction. Ambarina Pernia is known for her expertise in multifamily deals and assists clients in expanding their real estate investment portfolios with strategic acquisitions.
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
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93