German Gomez Sells Multifamily Property In South Miami For $3,250,000 With Rep Miguel Solis & Brandon Sors
7420 Southwest 59th Avenue
$3,250,000
$409/SF
Building Size
7,933 SF
Asset Type
MultiFamily
Closing
Jul 29, 2026
AI
The property involved in this transaction is a multifamily asset located at 7420 Southwest 59th Avenue in South Miami. The sale price of this property was $3,250,000, comprising 7 units with a price per unit of $464,285. The total building area is 7,933 square feet, leading to a price per square foot of $409.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Units: 7
- Price Per Unit: $464,285
- Square Footage: 7,933
- Price Per Square Foot: $409
- Seller: German Gomez
- Seller's Representative: Miguel Solis & Brandon Sors - Douglas Elliman
- Date of Transaction: 07/29/2026
- Market: South Miami
The transaction was marked by the involvement of Miguel Solis and Brandon Sors, acting as the representatives for the seller, German Gomez. Their agency in this deal was Douglas Elliman, indicating a notable brokerage presence in the multifamily market of South Miami.
Players
South 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93