Updated Dec 20, 2024
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
About this deal
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.
On the Map
$1,050,000
$402/SF
MultiFamily
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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