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7420 Southwest 59th Avenue

German Gomez Sells Multifamily Property In South Miami For $3,250,000 With Rep Miguel Solis & Brandon Sors
SOLDMultiFamily

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:

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

Miguel Solis

Douglas Elliman

Broker

$53M

vol

12 deals

Broker

German Gomez

Seller

$3.3M

vol

1 deal

Seller

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