Updated Oct 29, 2024
Uovo Purchases Miami Property At 328 NW 29th St For $11.5 Million With Devlin Marinoff As Seller's Rep
328 NW 29th St, Miami, FL, 33127
$11,500,000
$547/SF
Building Size
21,000 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
About this deal
AI
The property asset involved in this transaction is located at 328 NW 29th St, Miami, FL, 33127. The deal was completed for a price of $11,500,000.00 and encompasses a total square footage of 21,000 in the Miami market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $11,500,000.00
- Address: 328 NW 29th St, Miami, FL, 33127
- Market: Miami
- Seller's Representative: Devlin Marinoff - DWNTWN Realty Advisors
- Buyer: Uovo
- Square Footage: 21,000
In this transaction, Devlin Marinoff from DWNTWN Realty Advisors represented the seller, while Uovo acted as the buyer. Their roles were integral to the completion of this property sale in the competitive Miami market.
On the Map
$11,500,000
$547/SF
MultiFamily
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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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93