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2775 Northwest 57th Street

Luigi Ferrer Of Off Market Deals Purchases Multifamily Property From Maria Navarro For $830,000
SOLDMultiFamily

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

Luigi Ferrer

Buyer

$7.9M

vol

5 deals

Buyer
Maria Navarro

Maria Navarro

Seller

$4.1M

vol

2 deals

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

19.11%

Cash-on-Cash

-5.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93