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3235-3237 Sw 4th St

Arthur Porosoff Purchases Multifamily Property In Miami From Antonio Fernandez For $1,000,000
SOLDMultiFamily

Arthur Porosoff Purchases Multifamily Property In Miami From Antonio Fernandez For $1,000,000

3235-3237 Sw 4th St

$1,000,000

$109/SF

Building Size

9,120 SF

Asset Type

MultiFamily

Closing

Sep 22, 2014

AI

The property asset involved in the transaction is a multi-family building located at 3235-3237 Sw 4th St, situated in the Miami market. This property encompasses a total square footage of 9,120 and was sold for a transaction amount of $1,000,000.00.

Summary of transaction details:

Arthur Porosoff, who is noted as the buyer, is also one of the brokers involved in this transaction, representing himself along with Rafael Fermoselle from ElevenTrust Real Estate Services. Antonio Fernandez is the seller in this deal.

Players

Rafael Fermoselle

ElevenTrust Real Estate Services

Broker

$111.6M

vol

23 deals

Broker

Arthur Porosoff

Buyer
Buyer

Antonio Fernandez

Seller

$5.7M

vol

2 deals

Seller

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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93