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415 Southwest 32nd Avenue

Antonio & Martin Nicholls Velez Acquire Multifamily Property In Miami For $2.68M
SOLDMultiFamily

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

Carl Gorman

APEX Capital Realty

Broker

$34.9M

vol

14 deals

Broker

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