Gabriela Rodino Acquires Multifamily Asset From Julio Fojon In Miami For $2.16M
700 Southwest 12th Avenue
$2,160,000
$352/SF
Building Size
6,136 SF
Asset Type
MultiFamily
Closing
Oct 9, 2025
AI
This multifamily asset located at 700 Southwest 12th Avenue in Miami comprises 13 units, spanning a total of 6,136 square feet. The property was sold for a transaction amount of $2,160,000, equating to a price per unit of $166,153 and a price per square foot of $352.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,160,000
- Units: 13
- Square Footage: 6,136
- Price per Unit: $166,153
- Price per Square Foot: $352
- Buyer: Gabriela Rodino
- Seller: Julio Fojon
- Broker: Donald Shapiro - Compass
Donald Shapiro represented both the buyer, Gabriela Rodino, and the seller, Julio Fojon, in this successful 100% off market transaction. For off market opportunities, inquiries can be directed to donald.shapiro@compass.com or through the messaging handle @therealdonaldshapiro, as the team actively sources off market deals across all asset classes in the Southeast.
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
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93