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600�sw�10�st

Michael Ruiz Acquires Multifamily Property In Miami From Francisco Marmol For $2,860,000
SOLDMultiFamily

Michael Ruiz Acquires Multifamily Property In Miami From Francisco Marmol For $2,860,000

600�sw�10�st

$2,860,000

$366/SF

Building Size

7,813 SF

Asset Type

MultiFamily

Closing

Nov 27, 2018

AI

The property asset is a MultiFamily type located at 600 Sw 10 St in the Miami market, encompassing a total square footage of 7,813. The transaction for this asset was concluded at a price of $2,860,000.00.

Summary of transaction details:

Michael Ruiz acted as the buyer in this transaction, while Francisco Marmol served as the seller. The representatives for the deal included brokers Arthur Porosoff and Javier Ubeda, facilitating the transaction process between the buyer and seller.

Players

Arthur Porosoff

Broker
Broker

Michael Ruiz

Buyer

$8M

vol

2 deals

Buyer

Francisco Marmol

Seller

$15.3M

vol

3 deals

Seller

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

5.55%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93