Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,250,000
$456/SF
MultiFamily
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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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93