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3525 Northwest 35th Avenue

Joseph Isaac Acquires Multifamily Property From Albin Odalys In Miami For $2.25M
SOLDMultiFamily

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

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.

Players

Javier A. Ubeda

Compass

Broker

$42.5M

vol

13 deals

Broker

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