Updated Dec 4, 2024
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
About this deal
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
- Property Type: MultiFamily
- Transaction Amount: $4,520,000
- Address: 496 Northeast 78th Street, Miami
- Square Footage: 3,173
- Price per Square Foot: $1,425
- Buyer: Sebastian Barbagallo
- Seller: Dinesh Paliwal
- Brokers: Vicente Rodriguez & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
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.
On the Map
$4,520,000
$1,424/SF
MultiFamily
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Players
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