Updated Sep 5, 2024
Ricky Alietti Acquires Miami Multifamily For $1.4M
651 SW 3rd St, Miami, FL 33130, USA
$1,400,000
$356/SF
Building Size
3,926 SF
Asset Type
MultiFamily
Closing
Nov 18, 2022
About this deal
AI
The multifamily property located at 651 SW 3rd St in Miami has been sold in a recent transaction. The property consists of 6 units with a total area of 3,926 square feet. The sale price for this transaction was $1,400,000, resulting in a price per unit of $233,333 and a price per square foot of $357.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 651 SW 3rd St
- Market: Miami
Ricky Alietti was the buyer in this transaction. He was represented by Mariela Stochetti from Douglas Elliman. Claudia del Toro from Cervera Real Estate, Inc. served as the seller's representative in the deal.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93