Luigi Ferrer Of Off Market Deals Purchases Multifamily Property From Maria Navarro For $830,000
2775 Northwest 57th Street
$830,000
$319/SF
Building Size
2,600 SF
Asset Type
MultiFamily
Closing
Feb 26, 2025
AI
The property asset involved in the transaction is located at 2775 Northwest 57th Street in Miami. This multifamily property encompasses a total of 2,600 square feet and consists of 8 units, with a price per unit of $103,750 and a price per square foot of $319. The sale was concluded at a transaction amount of $830,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $830,000
- Buyer: Luigi Ferrer & - Off Market Deals
- Seller: Maria Navarro
- Attorney: Carlos Ferreyros - Title Law Group
- Units: 8
- Square Footage: 2,600
- Price Per Unit: $103,750
- Price Per Square Foot: $319
The key individuals involved in the deal include Luigi Ferrer, who represents Off Market Deals. Luigi has expressed interest in acquiring more properties in Liberty City that match their criteria, specifically for $103K per door, indicating a proactive approach to future investments.
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
19.11%
Cash-on-Cash
-5.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93