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39 Northwest 7th Avenue, Mi...

David M. Talla Acquires Multifamily Property In Miami From Santiago Vanegas For $15M
SOLDMultiFamily

David M. Talla Acquires Multifamily Property In Miami From Santiago Vanegas For $15M

39 Northwest 7th Avenue, Miami, Florida 33128, United States

$15,000,000

$600/SF

Building Size

25,000 SF

Asset Type

MultiFamily

Closing

Jul 11, 2022

AI

Located at 39 NW 7th Ave in Miami, this multifamily property was recently sold for a transaction amount of $15,000,000. Spanning across 25,000 square feet, the property consists of 34 units, resulting in a price per unit of $441,176. The price per square foot is $600, reflecting the market value in this area.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,000,000
  • Address: 39 NW 7th Ave
  • Market: Miami
  • Units: 34
  • Price per Unit: $441,176
  • Square Footage: 25,000
  • Price per Square Foot: $600

The buyer in this transaction is David M. Talla, while the seller is Santiago Vanegas. Representing the buyer, Dan Dratch, Greg Matus, Ryan Wold, and Joseph Landsberg of Franklin Street played a key role in this deal.

Players

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker
David M. Talla

David M. Talla

Cochise Capital

Buyer

$44.7M

vol

4 deals

Buyer
Santiago Vanegas

Santiago Vanegas

Habitat Group

Seller

$149.6M

vol

9 deals

Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93