Luigi Ferrer Of Off Market Deals Purchases Multifamily Property From Maria Navarro For $830,000
SOLD
$830,000
Florida
See Similar DealsMultiFamily2,600 SF
Sold 02/26/2025
SOLD
Luigi Ferrer Of Off Market Deals Purchases Multifamily Property From Maria Navarro For $830,000
2775 Northwest 57th Street
See Similar DealsMultiFamily2,600 SF
Sold 02/26/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$319
Total Square Footage:2,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$44,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,948.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,934.62
Annual Debt Service$47,215.48
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