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433 Southwest 6th Street, M...

Marcus & Millichap Brokers Sell Little Havana Multifamily For $3M
SOLDMultiFamily

Marcus & Millichap Brokers Sell Little Havana Multifamily For $3M

433 Southwest 6th Street, Miami, Florida 33130, United States

$3,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 16, 2022

AI

A multifamily property located at 433 SW 6th Street in Little Havana, Miami, was recently sold for $3,000,000. This property consists of 30 units, resulting in a price per unit of $100,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 30
  • Price per Unit: $100,000

The sale of this multifamily property was facilitated by Felipe Echarte, Evan Kristol, and Alejandro Gonzalez from Marcus & Millichap. They represented the parties involved in this transaction.

Players

Evan Kristol

Marcus & Millichap

Broker

$415.5M

vol

59 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93