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3011 Sw 1st Avenue

Willie Fernandez Acquires 3011 Sw 1st Avenue Miami Multifamily From Manuel Vadillo For $4,250,000
SOLDMultiFamily

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

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:

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.

Players

Francis Beracha

The Beracha Team

Broker

$4.3M

vol

1 deal

Broker

Willie Fernandez

Buyer
Buyer

Manuel Vadillo

Seller
Seller

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