Juan Pablo Suarez Acquires Multifamily Property In Miami For $2M
SOLD
$2,000,000
Florida
See Similar DealsMultiFamily4,688 SF
Sold 04/20/2023
SOLD
Juan Pablo Suarez Acquires Multifamily Property In Miami For $2M
641 Northwest 2nd Street
See Similar DealsMultiFamily4,688 SF
Sold 04/20/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$426
Total Square Footage:4,688 SF
Transaction Type:Sale
A multifamily property located at 641 Northwest 2nd Street in Miami has been sold in a transaction. The property consists of 6 units with a total area of 4,688 square feet. The sale price for the property was $2,000,000, resulting in a per unit price of $333,333. The price per square foot for the property was $427.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 641 Northwest 2nd Street
- Market: Miami
Juan Pablo Suarez acquired the property from Max Mera. Andres Rodriguez from Enkasa, INC represented the buyer, Juan Pablo Suarez, in the transaction. Christopher Ulloa from One Sotheby's International Realty represented the seller, Max Mera.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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