Carlos Frost Sells Multifamily Asset At 428 And 436 Southwest 13th Avenue For $1.63M
428 Southwest 13th Avenue & 436 Southwest 13th Avenue
$1,630,000
$237/SF
Building Size
6,870 SF
Asset Type
MultiFamily
Closing
Oct 1, 2025
AI
This multifamily property, located at 428 Southwest 13th Avenue & 436 Southwest 13th Avenue in the Miami market, was sold for a total price of $1,630,000. The asset comprises 8 units with a total square footage of 6,870. The price per unit stands at $203,750, and the price per square foot is $237.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,630,000
- Units: 8
- Square Footage: 6,870
- Price Per Unit: $203,750
- Price Per Square Foot: $237
- Seller: Carlos Frost
- Broker: Sam Schwartz - STL Commercial
- Date of Sale: 10/02/2025
In this transaction, Carlos Frost was the seller of the multifamily property, while Sam Schwartz represented STL Commercial as the broker involved in the deal.
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
9.73%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93