Lurra Capital Acquires Little Havana Multifamily For $3.8M
751 Northwest 1st Street, Miami, FL 33128
$3,800,000
$389/SF
Building Size
9,750 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
AI
A multifamily property located at 751 NW 1st Street in Little Havana has been sold for $3,800,000. The property comprises 15 units with a price per unit of $253,333. The total square footage of the property is 9,750, with a price per square foot of $390.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 751 NW 1st Street, Little Havana
- Market: Little Havana
- Buyer: Lurra Capital - Tyron Birkmeir
- Seller: Prestige Companies - Alex Ruiz
- Brokers: Calum Weaver & Perry Synanidis - Cushman & Wakefield
- Units: 15
- Price Per Unit (PPU): $253,333
- Total Square Footage (SF): 9,750
- Price Per Square Foot (PPSF): $390
The buyer of the property is Lurra Capital represented by Tyron Birkmeir. The seller is Prestige Companies represented by Alex Ruiz. The deal was facilitated by brokers Calum Weaver and Perry Synanidis from Cushman & Wakefield.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93