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426 NW 13 Ave

Juan Hernandez Acquires Multifamily Property In Miami For $1.1M
SOLDMultiFamily

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

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93