Updated Mar 31, 2025
Guillermo Martinez Acquires Renovated Townhome Community In Miami From Francisco Lagos For $6.55M
3079 Northwest 1st Street
$6,550,000
$341/SF
Building Size
19,200 SF
Asset Type
MultiFamily
Closing
Mar 21, 2025
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 3079 Northwest 1st Street in Miami. The transaction was closed at a price of $6,550,000.00. This asset features 11 units, with a total square footage of 19,200. The property is positioned on over 37,000 square feet of land and consists of renovated townhome community units, each unit offering three bedrooms and two and a half baths, designed for spacious living.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,550,000.00
- Buyer: Guillermo Martinez
- Seller: Francisco Lagos
- Units: 11
- Square Footage: 19,200
Guillermo Martinez is the buyer in this transaction, while Francisco Lagos represents the seller. The property is strategically located near Miami International Airport, the new soccer stadium, and Coral Gables, enhancing its appeal in the real estate market.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $341 per square foot on a published $6.6M for 19,200 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93