Antonio & Martin Nicholls Velez Acquire Multifamily Property In Miami For $2.68M
415 Southwest 32nd Avenue
$2,682,400
$262/SF
Building Size
10,228 SF
Asset Type
MultiFamily
Closing
Dec 1, 2025
AI
The transaction involved a multifamily property located at 415 & 417 Southwest 32nd Avenue in Miami. The asset comprises two two-story buildings totaling 10,228 square feet on a 0.28-acre lot, featuring 16 units. The sale price was set at $2,682,400, translating to a price per unit of $167,650 and a price per square foot of $262.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,682,400
- Buyer: Antonio & Martin Nicholls Velez - Level Buk LLC
- Seller: Jessica Gonzalez Reynoso & Angela Rose Gonzalez - 326 Southwest 13 Avenue LLC
- Brokers: Ricardo Lay & Carl Gorman - APEX Capital Realty
- Units: 16
- SF: 10,228
- PPU: $167,650
- PPSF: $262
- Market: Miami
- Acres: 0.28
- Date of Transaction: 12/01/2025
Antonio and Martin Nicholls Velez, represented by Level Buk LLC, successfully acquired the property from Jessica Gonzalez Reynoso and Angela Rose Gonzalez, who were represented by 326 Southwest 13 Avenue LLC. This transaction was part of a two-property portfolio deal with a total value of $4.62 million and was facilitated by brokers Ricardo Lay and Carl Gorman.
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
5.91%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93