Updated Sep 9, 2024
Ruben Gonzalez Acquires Multifamily Property In Virginia Gardens For $4.15M
3700 NW 58th Ave
$4,147,500
$201/SF
Building Size
20,574 SF
Asset Type
MultiFamily
Closing
Jul 22, 2022
About this deal
AI
The multifamily property located at 3700 NW 58th Ave in Virginia Gardens has been sold. The transaction closed on 07/22/2022 with a sale price of $4,147,500. The property consists of 24 units, with each unit having an average price per unit of $172,813. The total square footage of the property is 20,574, resulting in a price per square foot of $202.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,147,500
- Units: 24
- Price per Unit: $172,813
- Square Footage: 20,574
- Price per Square Foot: $202
- Address: 3700 NW 58th Ave, Virginia Gardens
- Market: Virginia Gardens
The buyer of the property is Ruben Gonzalez, while the seller is John Gill. The transaction was facilitated by Jonathan De La Rosa from Marcus & Millichap.
Virginia Gardens 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93