Marissa Nunez-Vilches Purchases Multifamily Asset At 7090 Northwest 17th Avenue For $1.05M
7090 Northwest 17th Avenue
$1,050,000
$402/SF
Building Size
2,612 SF
Asset Type
MultiFamily
Closing
Dec 13, 2024
AI
The property asset involved in this transaction is a multifamily building located at 7090 Northwest 17th Avenue in Miami. The sale price of the property was $1,050,000, encompassing a total square footage of 2,612. The price per square foot for the transaction is calculated at approximately $401.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 7090 Northwest 17th Avenue
- Market: Miami
- Square Footage: 2,612
- Price per Square Foot: $401
- Buyer: Marissa Nunez-Vilches
- Seller: Barbara Perez
- Buyer's Representative: Nicolas Vicente
- Seller's Representative: Ernie Perez - Gridline Properties
Key individuals involved in this deal include the buyer, Marissa Nunez-Vilches, and the seller, Barbara Perez. Nicolas Vicente represented the buyer while Ernie Perez of Gridline Properties represented the seller, indicating the collaborative efforts present in this transaction.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93