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2890 Virginia St

Anibal Duarte-Viera Acquires Multifamily Asset In Miami For $6,450,000 From Richard Berenson
SOLDMultiFamily

Anibal Duarte-Viera Acquires Multifamily Asset In Miami For $6,450,000 From Richard Berenson

2890 Virginia St

$6,450,000

$105/SF

Building Size

61,335 SF

Asset Type

MultiFamily

Closing

Sep 10, 2013

AI

The asset involved in this transaction is a MultiFamily property located at 2890 Virginia St, Miami. The transaction price for this property is $6,450,000.00, and it features a square footage of 61,335.

Summary of transaction details:

This transaction involved key individuals including buyer Anibal Duarte-Viera and seller Richard Berenson, with brokerage services provided by Arthur Porosoff, Jorge Ruiz from Premier Properties, and Apul Nudelman, who facilitated the deal.

Players

Jorge Ruiz

Premier Properties

Broker

$27.8M

vol

5 deals

Broker

Anibal Duarte-Viera

Buyer

$8.2M

vol

1 deal

Buyer

Richard Berenson

Seller
Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.46%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93