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Ivan Herrera Of Unicapital Asset Management Group Acquires Multifamily Asset In Miami For $71.5M
SOLD
$71,500,000
Florida
See Similar DealsMultiFamily
Sold 03/21/2025
SOLD
Ivan Herrera Of Unicapital Asset Management Group Acquires Multifamily Asset In Miami For $71.5M
811 Northwest 43rd Avenue
See Similar DealsMultiFamily
Sold 03/21/2025
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is a MultiFamily property located at 811 Northwest 43rd Avenue in the Miami market. The property consists of 230 units and was sold for $71,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $71,500,000.00
- Address: 811 Northwest 43rd Avenue
- Market: Miami
- Units: 230
- Buyer: Ivan Herrera - Unicapital Asset Management Group
- Seller: Tatiana Pino & Carlos Pino
Ivan Herrera represents Unicapital Asset Management Group as the buyer in this transaction, while Tatiana Pino and Carlos Pino are identified as the sellers. The transaction took place on March 21, 2025.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$254,024.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$338,946.48
Annual Debt Service$4,067,357.73
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