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Compass Brokers Facilitate $4.25M Multifamily Sale In Miami

Property Image
SOLD
$4,250,000
Arthur David Porosoff
Francis Beracha
+ 1

Florida

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MultiFamily9,321 SF
Sold 04/15/2024
the dealplayerscompscontact
Property Image
SOLD

Compass Brokers Facilitate $4.25M Multifamily Sale In Miami

3011 Southwest 1st Avenue

See Similar Deals
MultiFamily9,321 SF
Sold 04/15/2024
Arthur David Porosoff
Francis Beracha
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$456
Total Square Footage:9,321 SF
Transaction Type:Sale

The multifamily property located at 3011 Southwest 1st Avenue in Miami was sold for $4,250,000. The property consists of 12 units, totaling 9,321 square feet, with a price per unit of $354,167 and a price per square foot of $456.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,250,000
  • Units: 12
  • Price Per Unit: $354,167
  • Square Footage: 9,321
  • Price Per Square Foot: $456
  • Address: 3011 Southwest 1st Avenue, Miami

Representing the buyer in this transaction was Francis Beracha & Dr. Eli Beracha from The Beracha Team. On the selling side, Arthur Porosoff & Javier A. Ubeda from Compass acted as the seller's representatives.

Players

25 deals$180.7M volume(305) 733-6066
BROKER


Francis Beracha
1 deal$4.3M volume
BROKER

Eli Beracha
1 deal$4.3M volume(305) 779-7906
BROKER

Details

SOLD
IMAGE: Arthur Porosoff, Javier A. Ubeda, Francis Beracha & Dr. Eli Beracha DATE: 04/15/2024 ADDRESS: 3011 Southwest 1st Avenue MARKET: Miami ASSET TYPE: Multifamily BUYER'S REP: Francis Beracha (@FrancisBeracha) & Dr. Eli Beracha (@DrEliBeracha) - The Beracha Team SELLER'S REP: Arthur Porosoff (@ArtrageousMiami) & Javier A. Ubeda (@MultifamilyMiami) - Compass (@Compass) SALE PRICE: $4,250,000 UNITS: 12 ~ PPU: $354,167 SF: 9,321 ~ PPSF: $456

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02