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282 Northwest 34th Street

Updated Oct 27, 2026

Alejandro Velez Purchases Multifamily Property From William Denis For $575,000 In Miami
SOLDMultiFamily

Alejandro Velez Purchases Multifamily Property From William Denis For $575,000 In Miami

282 Northwest 34th Street

$575,000

$319/SF

Building Size

1,798 SF

Asset Type

MultiFamily

Closing

Sep 25, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily dwelling located at 282 Northwest 34th Street in Miami. The sale price is $575,000 for a total of 1,798 square feet, translating to a price per square foot of $319. The property consists of 2 units, with a price per unit of $287,500.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $575,000
  • Units: 2
  • Square Footage: 1,798
  • Price Per Unit: $287,500
  • Price Per Square Foot: $319
  • Buyer: Alejandro Velez
  • Seller: William Denis - Reverse Flip
  • Buyer & Seller's Attorney: Gustavo De Zendegui - Zendegui Law Group, PA
  • Title Company: Gustavo De Zendegui - Zendegui Law Group, PA

Key individuals involved in the transaction include Alejandro Velez as the buyer and William Denis representing the seller in the reverse flip. Both parties were advised by attorney Gustavo De Zendegui, who also acted as the title company for the deal.

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$575,000

$319/SF

MultiFamily

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Players

None

Broker

$215.9M

vol

8 deals

Broker

Alejandro Velez

Buyer

$548.6M

vol

17 deals

Buyer
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Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $319 per square foot on a published $575K for 1,798 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

27.59%

Cash-on-Cash

-7.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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