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:
- Property Type: MultiFamily
- Transaction Amount: $1,000,000.00
- Address: 3235-3237 Sw 4th St
- Market: Miami
- Square Footage: 9,120
- Buyer: Arthur Porosoff
- Seller: Antonio Fernandez
- Brokers: Arthur Porosoff, Rafael Fermoselle (ElevenTrust Real Estate Services)
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
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