Luis G. Marte & Dolores Garcia Acquire MultiFamily Property In Miami For $1.05M
5010 NW 2nd St Miami, FL 33126, USA
$1,050,000
$731/SF
Building Size
1,435 SF
Asset Type
MultiFamily
Closing
Aug 7, 2023
AI
Located at 5010 NW 2nd St in Miami, this multi-family property was recently sold in an off-market transaction. The property consists of 4 units, with a total square footage of 1,435. The sale price for this property was $1,050,000, with a price per unit of $262,500 and a price per square foot of $732.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,050,000
- Units: 4
- Price per Unit: $262,500
- Square Footage: 1,435
- Price per Square Foot: $732
- Market: Miami
The buyers in this transaction were Luis G. Marte and Dolores Garcia, while the sellers were Shai Yitzhaki and Guy Goldberg. The Real Estate Lab, represented by Uri Redler, Shlomo Poston, and Yaacov Poston, acted as the brokers in this deal.
Note from the brokers: This was an off-market sale with a record-breaking price of over $730 per square foot.
Players
Market 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93