facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

268 Northwest 34th Street

Lester Delgado Y Reynier Diaz Acquire Miami Multifamily For $2.61M
SOLDMultiFamily

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

Ambarina Pernia CCIM-MSIRE

CCIM

Broker

$5.6M

vol

4 deals

Broker

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

6.08%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93