Updated Aug 18, 2026
Willie Fernandez Acquires 3011 Sw 1st Avenue Miami Multifamily From Manuel Vadillo For $4,250,000
3011 Sw 1st Avenue
$4,250,000
$456/SF
Building Size
9,321 SF
Asset Type
MultiFamily
Closing
Apr 15, 2024
About this deal
AI
The property asset involved in this transaction is a MultiFamily asset located at 3011 Sw 1st Avenue in the Miami market. The sale, finalized on April 15, 2024, was completed for a total price of $4,250,000. The asset spans a total square footage of 9,321.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,250,000.00
- Address: 3011 Sw 1st Avenue
- Market: Miami
- Square Footage: 9,321
- Buyer: Willie Fernandez
- Seller: Manuel Vadillo
- Broker Representatives: Arthur Porosoff, Javier Ubeda, Francis Beracha (The Beracha Team), Dr. Eli Beracha
This transaction involved key individuals including the buyer, Willie Fernandez, and the seller, Manuel Vadillo. The deal was mediated by a team of brokers, consisting of Arthur Porosoff, Javier Ubeda, Francis Beracha from The Beracha Team, and Dr. Eli Beracha, who facilitated the negotiation process.
On the Map
$4,250,000
$456/SF
MultiFamily
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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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93