Christian Rodriguez Purchases Multifamily Asset From Viceroy Residences For $2.7M With Buyer's Rep Eva Garzon
SOLD
$2,700,000
Florida
See Similar DealsMultiFamily1,100 SF
Sold 04/16/2025
SOLD
Christian Rodriguez Purchases Multifamily Asset From Viceroy Residences For $2.7M With Buyer's Rep Eva Garzon
77 Southeast 5th Street
See Similar DealsMultiFamily1,100 SF
Sold 04/16/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$2,454
Total Square Footage:1,100 SF
Transaction Type:Sale
This multifamily asset is located at 77 Southeast 5th Street in the Miami market. The property has a sale price of $2,700,000 and a total square footage of 1,100, translating to a price per square foot of $2,454.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Buyer: Christian Rodriguez
- Seller: Viceroy Residences
- Buyer's Representative: Eva Garzon - The Grand Lion Real Estate Group
- Seller's Representative: Valeria Lugo
- Date of Transaction: 04/23/2025
The transaction highlights the involvement of Eva Garzon, representing the buyer, and Valeria Lugo, representing the seller. These individuals played a crucial role in facilitating the deal for the multifamily property in Miami.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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