facebook
Traded Co logo
Submit

Lurra Capital Acquires Little Havana Multifamily For $3.8M

Property Image
SOLD
$3,800,000
Calum Weaver
+ 1

Florida

See Similar Deals
MultiFamily9,750 SF
Sold 12/10/2021
the dealplayerscompscontact
Property Image
SOLD

Lurra Capital Acquires Little Havana Multifamily For $3.8M

751 Northwest 1st Street, Miami, FL 33128

See Similar Deals
MultiFamily9,750 SF
Sold 12/10/2021
Calum Weaver
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$389
Total Square Footage:9,750 SF
Transaction Type:Sale

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

Calum Weaver
30 deals$621.2M volume
BROKER

Perry Synanidis
CBRE
18 deals$273.4M volume(352) 278-7572
BROKER


5 deals$43.3M volume
SELLER

Details

SOLD
IMAGE: Calum Weaver & Perry Synanidis DATE: 12/10/2021 ADDRESS: 751 NW 1st Street MARKET: Little Havana ASSET TYPE: Multifamily BUYER: Lurra Capital - Tyron Birkmeir SELLER: Prestige Companies - Alex Ruiz BROKERS: Calum Weaver (@WeaverCalum) & Perry Synanidis (@PerrySynanidis) - Cushman & Wakefield ASKING PRICE: $3,800,000 SALE PRICE: $3,800,000 UNITS: 15 ~ PPU: $253,333 SF: 9,750 ~ PPSF: $390

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$202,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26