Antonio Nicholls Purchases Miami Multifamily Property From Jessica Reynoso For $1.875M
620 Southwest 16th Avenue
$1,875,000
$216/SF
Building Size
8,658 SF
Asset Type
MultiFamily
Closing
Dec 31, 2025
AI
The asset involved in this transaction is a multifamily property located at 620 Southwest 16th Avenue in Miami's Little Havana submarket. This property consists of 12 units, with a total square footage of 8,658 and was sold for $1,875,000, translating to a price per square foot of $216.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,875,000
- Square Footage: 8,658
- Price Per Square Foot: $216
- Units: 12
- Buyer: Antonio Nicholls
- Seller: Jessica Reynoso
- Brokers: Carl Gorman & Ricardo Lay - APEX Capital Realty
- Date of Transaction: 12/31/2025
- Market: Miami
Carl Gorman and Ricardo Lay of Apex Capital Realty represented both the buyer, Antonio Nicholls, and the seller, Jessica Reynoso, in this transaction. They successfully navigated multiple title-related challenges to achieve a coordinated closing. This sale is part of a larger portfolio execution within Little Havana consisting of 65 units totaling $10.5 million, all situated within the 33135 zip code.
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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93