Updated Aug 18, 2026
Steven Moritz Purchases MultiFamily Property From Devon Harris In Miami For $1,050,000
610 Sw 6 Ave
$1,050,000
$316/SF
Building Size
3,320 SF
Asset Type
MultiFamily
Closing
Sep 30, 2024
About this deal
AI
The property asset involved in this transaction is a MultiFamily situated at 610 Sw 6 Ave in the Miami market. The asset spans a total of 3,320 square feet and has been sold for a price of $1,050,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,050,000.00
- Address: 610 Sw 6 Ave
- Market: Miami
- Square Footage: 3,320
- Buyer: Steven Moritz
- Seller: Devon Harris
- Brokers: Arthur Porosoff, Javier Ubeda
The transaction involved key individuals, including the buyer Steven Moritz, who acquired the property from seller Devon Harris, with representation provided by brokers Arthur Porosoff and Javier Ubeda during the deal's execution.
Players
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93