Updated Aug 18, 2026
German Guzman Purchases Miami Springs Multifamily Property From Alfred Sayegh For $7 Million
611 Forrest Drive
$7,000,000
$217/SF
Building Size
32,250 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 611 Forrest Drive in Miami Springs. The asset spans a total square footage of 32,250 and was sold for $7,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,000,000.00
- Address: 611 Forrest Drive
- Market: Miami Springs
- Square Footage: 32,250
- Buyer: German Guzman
- Seller: Alfred Sayegh
- Brokers: Arthur Porosoff, Javier Ubeda
The individuals involved in the transaction include buyer German Guzman and seller Alfred Sayegh, with the deal facilitated by brokers Arthur Porosoff and Javier Ubeda.
On the Map
$7,000,000
$217/SF
MultiFamily
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Players
Miami Springs 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93