Updated Dec 20, 2023
Ruben Padron Acquires 6-Unit Multifamily In Miami For $1.125M
72 NW 17 Pl, Miami, Florida 33125, United States
$1,125,000
$133/SF
Building Size
8,400 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
About this deal
AI
A multifamily property located at 72 NW 17 Place in Miami has been sold for $1,125,000. The property consists of 6 units, with a price per unit of $187,500. The total square footage of the property is 8,400, with a price per square foot of $134.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Market: Miami
- Units: 6
- Price per Unit: $187,500
- Square Footage: 8,400
- Price per Square Foot: $134
- Seller: Leonard Jacobson
- Buyer: Ruben Padron
- Broker: Virgilio Fernandez - Colliers
The deal was facilitated by Virgilio Fernandez from Colliers, who represented both the buyer, Ruben Padron, and the seller, Leonard Jacobson.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93