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2940 West Flagler Street, M...

Marcus & Millichap Facilitates $5.89M Sale Of Multifamily Property In Little Havana
SOLDMultiFamily

Marcus & Millichap Facilitates $5.89M Sale Of Multifamily Property In Little Havana

2940 West Flagler Street, Miami, Florida 33135, United States

$5,890,000

Building Size

Asset Type

MultiFamily

Closing

Jul 11, 2022

AI

The multifamily property located at 2940 West Flagler Street & 2960 West Flagler Street in Little Havana has been sold for a total price of $5,890,000. This transaction involved the sale of 31 units, resulting in a price per unit of $190,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,890,000
  • Units: 31
  • Price per Unit: $190,000
  • Market: Little Havana

The sale of this property was facilitated by Alejandro Gonzalez, Evan Kristol, and Felipe Echarte from Marcus & Millichap. They acted as the brokers representing the parties involved in the transaction.

Players

Evan Kristol

Marcus & Millichap

Broker

$415.5M

vol

59 deals

Broker

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

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93