Updated Sep 9, 2024
Juan Pablo Suarez Acquires Multifamily Property In Miami For $2M
641 Northwest 2nd Street
$2,000,000
$426/SF
Building Size
4,688 SF
Asset Type
MultiFamily
Closing
Apr 20, 2023
About this deal
AI
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
Market 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93