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496 Northeast 78th Street

Sebastian Barbagallo Acquires MultiFamily Property In Miami For $4.52M
SOLDMultiFamily

Sebastian Barbagallo Acquires MultiFamily Property In Miami For $4.52M

496 Northeast 78th Street

$4,520,000

$1,424/SF

Building Size

3,173 SF

Asset Type

MultiFamily

Closing

Sep 12, 2023

AI

The multi-family property located at 496 Northeast 78th Street in Miami has been sold for a total price of $4,520,000. The property spans over 3,173 square feet, resulting in a price per square foot of $1,425. The transaction was completed on the date of September 12, 2023.

Summary of transaction details

Sebastian Barbagallo has acquired the multi-family property at 496 Northeast 78th Street in Miami. The seller, Dinesh Paliwal, entrusted the transaction to Vicente Rodriguez and Carlos Fausto Miranda, who acted as the brokers for Fausto Commercial Realty Consultants.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker
Sebastian Barbagallo

Sebastian Barbagallo

B Group Capital Management

Buyer

$131.2M

vol

5 deals

Buyer

Dinesh Paliwal

Seller

$7.8M

vol

3 deals

Seller

Topeka 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

3.51%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93