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Richard Peter Garcia Jr. Acquires Multifamily Property From Carlos Salas Jr. For $3.1M In Miami

Property Image
SOLD
$3,100,000
Elina Stolyar
Ariana Bravo
+ 1

Florida

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MultiFamily10,498 SF
Sold
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Property Image
SOLD

Richard Peter Garcia Jr. Acquires Multifamily Property From Carlos Salas Jr. For $3.1M In Miami

720 Southwest 5th Street

See Similar Deals
MultiFamily10,498 SF
Sold
Elina Stolyar
Ariana Bravo
+ 1
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$295
Total Square Footage:10498 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 720 Southwest 5th Street and 527 Southwest 7th Court in the Miami market. The sale of this multifamily asset was finalized at a price of $3,100,000. The property consists of 16 units with a total square footage of 10,498, resulting in a price per unit of $193,750 and a price per square foot of $295.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,100,000
  • Units: 16
  • Square Footage: 10,498
  • Price Per Unit: $193,750
  • Price Per Square Foot: $295
  • Buyer: Richard Peter Garcia Jr.
  • Seller: Carlos Salas Jr.
  • Buyer's Representative: Ariana Bravo & Christina Mosquera - Keller Williams Realty
  • Seller's Representative: Jamie Rose Maniscalco & Elina Stolyar - The Alpha Commercial

The transaction involved key individuals representing both the buyer and seller. Ariana Bravo and Christina Mosquera acted as the buyer's representatives, affiliated with Keller Williams Realty. On the other side, Jamie Rose Maniscalco and Elina Stolyar represented the seller, operating under The Alpha Commercial.

Players

Jamie Rose Maniscalco
53 deals$192M volume
BROKER

Elina Stolyar
The Alpha Commercial
2 deals$5.3M volume(305) 399-9283
BROKER

Ariana Bravo
Keller Williams Realty
2 deals$4.9M volume(305) 401-7011
BROKER

Christina Mosquera
Keller Williams Realty
2 deals$4.9M volume(305) 778-1880
BROKER

Keller Williams Realty
BROKERAGE

Details

SOLD
IMAGE: Ariana Bravo, Christina Mosquera, Jamie Rose Maniscalco & Elina Stolyar DATE: 11/26/2025 ADDRESS: 720 Southwest 5th Street & 527 Southwest 7th Court MARKET: Miami ASSET TYPE: Multifamily BUYER: Richard Peter Garcia Jr. SELLER: Carlos Salas Jr. BUYER'S REP: Ariana Bravo (@TheArianaBravo) & Christina Mosquera (@ChristieMosquera) - Keller Williams Realty (@KellerWilliamsRealty) SELLER'S REP: Jamie Rose Maniscalco (@Jamie_R0se) & Elina Stolyar (@Ms_Elina27) - The Alpha Commercial (@TheAlphaCommercial) SALE PRICE: $3,100,000 UNITS: 16 ~ PPU: $193,750 SF: 10,498 ~ PPSF: $295

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98