Updated Dec 4, 2024
Joseph Isaac Acquires Multifamily Property From Albin Odalys In Miami For $2.25M
3525 Northwest 35th Avenue
$2,250,000
$266/SF
Building Size
8,438 SF
Asset Type
MultiFamily
Closing
Feb 29, 2024
About this deal
AI
The multifamily property located at 3525 Northwest 35th Avenue in Miami was sold for $2,250,000. The property spans 8,438 square feet with a price per unit of $160,714 and a price per square foot of $267.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 14
- SF: 8,438
- PPU: $160,714
- PPSF: $267
- Address: 3525 Northwest 35th Avenue, Miami
The buyer of the property was Joseph Isaac, while the seller was Albin Odalys. The transaction was facilitated by Javier A. Ubeda from Compass.
On the Map
$2,250,000
$266/SF
MultiFamily
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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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93