Updated Nov 3, 2026
Chris Clementi Acquires Multifamily Property At 3050 South Dixie Highway For $5.3M
3050 South Dixie Highway
$5,300,000
$313/SF
Building Size
16,930 SF
Asset Type
MultiFamily
Closing
Oct 30, 2026
About this deal
AI
The transaction involved a multifamily property located at 3050 South Dixie Highway in the Miami market. The sale price was $5,300,000 for a total of 20 units, with a price per unit of $265,000. The building encompasses a total square footage of 16,930, resulting in a price per square foot of $313.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Units: 20
- Price Per Unit: $265,000
- Square Footage: 16,930
- Price Per Square Foot: $313
- Buyer: Chris Clementi
- Seller: Ramon Dorta
- Buyer's Representative: Rafael Fermoselle - ElevenTrust Real Estate Services
- Seller's Representative: Virgilio Fernandez - Cushman & Wakefield
- Date of Transaction: 10/30/2026
Rafael Fermoselle represented the buyer, ensuring a seamless process for Chris Clementi. Virgilio Fernandez facilitated the transaction for the seller, Ramon Dorta, highlighting the appeal of well-located properties with significant future upside. The transaction closed in an all-cash deal with the buyer's deposit going hard immediately, marking an efficient and swift completion.
On the Map
$5,300,000
$313/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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93