Updated Sep 9, 2024
Carlos Fausto Miranda Acquires Multifamily Property On W Flagler St In Miami For $2.35M
4864 West Flagler Street
$2,350,000
$120/SF
Building Size
19,567 SF
Asset Type
MultiFamily
Closing
Oct 14, 2022
About this deal
AI
Located at 4864 W Flagler St in Miami, this multifamily property was recently sold for $2,350,000. With a total square footage of 19,567, the price per square foot stands at $120. The transaction took place on October 14, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Square Footage: 19,567
- Price Per Square Foot: $120
The buyer in this deal was Carlos Fausto Miranda, while the seller was Tessie Aral. The transaction was facilitated by Carlos Fausto Miranda, Vicente Rodriguez, and Rey Moya of Fausto Commercial Realty.
On the Map
$2,350,000
$120/SF
MultiFamily
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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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93