Updated Dec 4, 2024
Franco Battistini Sells Miami MultiFamily Property To Candelaria Investments Group For $6.4M
3805 Southwest 103rd Avenue
$6,435,000
$301/SF
Building Size
21,330 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
About this deal
AI
The property involved in this transaction is a multi-family asset located at 3805 Southwest 103rd Avenue in Miami. The property consists of 33 units with a sale price of $6,435,000, resulting in a per unit price of $195,000. The total square footage of the property is 21,330, with a price per square foot of $302.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $6,435,000
- Units: 33
- Price Per Unit: $195,000
- Square Footage: 21,330
- Price Per Square Foot: $302
- Address: 3805 Southwest 103rd Avenue, Miami
The seller of the property is Franco Battistini, represented by Deme Mekras from MSP Group LLC. The buyer's representative is Zuleyka Candelaria from Candelaria Investments Group LLC. The seller's attorney is Danny Diaz-Leyva from Day Pitney LLP, and the buyer's attorney is Leslie Flores.
On the Map
$6,435,000
$301/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
2.47%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93