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6647 Southwest 59th Place

Raymond Gonzalez Purchases Multifamily Asset From Alexander Pinto-Nobrega For $3,340,000 In South Miami
SOLDMultiFamily

Raymond Gonzalez Purchases Multifamily Asset From Alexander Pinto-Nobrega For $3,340,000 In South Miami

6647 Southwest 59th Place

$3,340,000

$471/SF

Building Size

7,085 SF

Asset Type

MultiFamily

Closing

Jul 31, 2026

AI

The transaction involved a multifamily asset located at 6647 Southwest 59th Place in the South Miami market, with a sale price of $3,340,000. The property consists of 15 units and spans across 7,085 square feet, resulting in a price per unit of $222,666 and a price per square foot of $471.

Summary of transaction details:

Raymond Gonzalez acted as the buyer in this transaction, while Alexander Pinto-Nobrega served as the seller. The brokers facilitating the deal were Ryan Wold and Dan Dratch from Franklin Street, representing the interests of the parties involved.

Players

Dan Dratch

Franklin Street

Broker

$274.9M

vol

49 deals

Broker

Raymond Gonzalez

Buyer

$16.8M

vol

3 deals

Buyer

Alexander Pinto-Nobrega

Seller

$3.3M

vol

1 deal

Seller

South 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

4.75%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93