facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

3011 Southwest 1st Avenue

Compass Brokers Facilitate $4.25M Multifamily Sale In Miami
SOLDMultiFamily

Compass Brokers Facilitate $4.25M Multifamily Sale In Miami

3011 Southwest 1st Avenue

$4,250,000

$456/SF

Building Size

9,321 SF

Asset Type

MultiFamily

Closing

Apr 15, 2024

AI

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

Arthur David Porosoff

POROSOFF

Broker

$180.7M

vol

25 deals

Broker

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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93