Updated Dec 21, 2023
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
About this deal
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.
On the Map
$15,000,000
$600/SF
MultiFamily
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Players
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93