Juan Hernandez Acquires Multifamily Property In Miami For $1.1M
426 NW 13 Ave
$1,100,000
$391/SF
Building Size
2,809 SF
Asset Type
MultiFamily
Closing
Aug 30, 2023
AI
A multifamily property located at 426 Northwest 13 Avenue in Miami has been sold for a price of $1,100,000. The property spans over 2,809 square feet, resulting in a price per square foot of $392. The sale was completed on 08/30/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 426 Northwest 13 Avenue, Miami
- Square Footage: 2,809
- Price per Square Foot: $392
Juan Hernandez purchased the property from Antonino Barroso. The transaction was facilitated by Carlos Fausto Miranda, Mauricio Villasuso, and Miguel Fuentes of Fausto Commercial Realty Consultants.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93