Updated Dec 4, 2024
Wilkin Hernandez Acquires Multifamily Property In Miami For $1.92M
45 Florida Boulevard & 1302 Northeast 1st Avenue
$1,920,000
$141/SF
Building Size
6,796 SF
Asset Type
MultiFamily
Closing
Dec 14, 2023
About this deal
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.
On the Map
$1,920,000
$141/SF
MultiFamily
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Miami MultiFamily Market Snapshot
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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