Nicolas Carballo Acquires Multifamily Property In Miami From Sheldon Klein For $2.25M
SOLD
$2,250,000
Florida
See Similar DealsMultiFamily6,415 SF
Sold 09/29/2025
SOLD
Nicolas Carballo Acquires Multifamily Property In Miami From Sheldon Klein For $2.25M
560 Northwest 1st Street
See Similar DealsMultiFamily6,415 SF
Sold 09/29/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:6,415 SF
Transaction Type:Sale
The transaction involved a multifamily property located at 560 Northwest 1st Street in Miami. The sale price was $2,250,000 for a building comprising 8 units, offering a price per unit of $281,250. The total square footage is 6,415, resulting in a price per square foot of $350.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 8
- Price per Unit: $281,250
- Square Footage: 6,415
- Price per Square Foot: $350
- Buyer: Nicolas Carballo
- Seller: Sheldon Klein
- Buyer's Representative: Rafael Fermoselle - ElevenTrust Real Estate Services
- Seller's Representative: David Cohen - Horvath & Tremblay
This transaction highlights the collaboration between Horvath & Tremblay and ElevenTrust Real Estate, emphasizing the successful sale of a fully turnkey apartment building.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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