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620 Southwest 16th Avenue

Antonio Nicholls Purchases Miami Multifamily Property From Jessica Reynoso For $1.875M
SOLDMultiFamily

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

Carl Gorman

APEX Capital Realty

Broker

$34.9M

vol

14 deals

Broker

Antonio Nicholls

Buyer

$7.2M

vol

3 deals

Buyer

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