Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,100,000
$391/SF
MultiFamily
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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