Updated Oct 27, 2026
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.
On the Map
$575,000
$319/SF
MultiFamily
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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
27.59%
Cash-on-Cash
-7.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93