Davier Garcia Acquires Multifamily Property From Alberto Fernandez In Miami For $2.5M
584 Northwest 65th Street
$2,500,000
$299/SF
Building Size
8,340 SF
Asset Type
MultiFamily
Closing
Mar 31, 2025
AI
The asset involved in this transaction is a multifamily property located at 584 Northwest 65th Street in Miami. The sale price for this property was $2,500,000, with a price per unit of $208,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Buyer: Davier Garcia
- Seller: Alberto Fernandez
- Broker: Ernie Perez - Gridline Properties
This transaction was facilitated by broker Ernie Perez, representing the seller, Alberto Fernandez, in the sale of the property. The buyer, Davier Garcia, finalized the purchase on 03/31/2025.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93