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
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