facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

45 Florida Boulevard

Wilkin Hernandez Acquires Multifamily Property In Miami For $1.92M
SOLDMultiFamily

Wilkin Hernandez Acquires Multifamily Property In Miami For $1.92M

45 Florida Boulevard & 1302 Northeast 1st Avenue

$1,920,000

$141/SF

Building Size

13,592 SF

Asset Type

MultiFamily

Closing

Dec 14, 2023

AI

A multifamily property located at 45 Florida Boulevard & 1302 Northeast 1st Avenue in Miami has been sold for a price of $1,920,000. The property consists of 8 units, with each unit priced at approximately $240,000. The total square footage of the property is 6,796, resulting in a price per square foot of $283.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,920,000
  • Units: 8
  • Price per Unit: $240,000
  • Total Square Footage: 6,796
  • Price per Square Foot: $283

Wilkin Hernandez has purchased the property from Halpern Angela. The deal was facilitated by Giovanni Vasquez and Andros Sarduy from Synergy Realty Advisors.

Players

Andros Sarduy

Synergy Realty Advisors

Broker

$79.6M

vol

17 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.26%

Cash-on-Cash

-2.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93