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584 Northwest 65th Street

Davier Garcia Acquires Multifamily Property From Alberto Fernandez In Miami For $2.5M
SOLDMultiFamily

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:

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.

Players

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker

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