Updated Nov 24, 2023
Jorge Valdes Acquires 12-Unit Multifamily Property In Miami For $2.45M
3417 Northwest 22nd Avenue
$2,450,000
$293/SF
Building Size
8,340 SF
Asset Type
MultiFamily
Closing
Dec 6, 2022
About this deal
AI
The multifamily property located at 3417 Northwest 22nd Avenue in Miami has been sold in a closed transaction. The property consists of 12 units with a total area of 8,340 square feet. The sale price for this transaction was $2,450,000, resulting in a per unit price of $204,167. The price per square foot of the property is $294.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Address: 3417 Northwest 22nd Avenue, Miami
- Market: Miami
Jorge Valdes has acquired the property from Antonia Zeledon in this transaction. The deal was facilitated by Maria Sindia Borras from RelatedISG International Realty, who represented both the buyer and the seller.
Players
Market 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93