Cindy McNulty Purchases 3321 Nw 22nd Ave Multifamily Property From Gerardo Fojo For $1,625,000
3321 Nw 22nd Ave
$1,625,000
$92/SF
Building Size
17,656 SF
Asset Type
MultiFamily
Closing
Dec 15, 2015
AI
The property involved in this transaction is a multi-family asset located at 3321 Nw 22nd Ave in the Miami market. The sale was finalized for a price of $1,625,000, covering a total square footage of 17,656.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,625,000.00
- Address: 3321 Nw 22nd Ave
- Market: Miami
- Square Footage: 17,656
- Buyer: Cindy McNulty
- Seller: Gerardo Fojo
- Brokers: Arthur Porosoff, Vicente Rodriguez (Fausto Commercial Realty Consultants), Landy Toledo (Marcus & Millichap)
The deal involved key individuals, including buyer Cindy McNulty, who acquired the property from seller Gerardo Fojo. The transaction was facilitated by brokers Arthur Porosoff and Vicente Rodriguez from Fausto Commercial Realty Consultants, along with Landy Toledo from Marcus & Millichap, representing the respective parties in this transaction.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93