Pedro Camejo Sells Multifamily Property In Little Havana, Miami For $7.75M
SOLD
$7,750,000
Florida
See Similar DealsMultiFamily10,871 SF
Sold 06/16/2020
SOLD
Pedro Camejo Sells Multifamily Property In Little Havana, Miami For $7.75M
829 SW 18th Ave, Little Havana, Miami, FL, USA
See Similar DealsMultiFamily10,871 SF
Sold 06/16/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$712
Total Square Footage:10,871 SF
Transaction Type:Sale
A multifamily property located at 829 SW 18 Ave in Little Havana, Miami, was recently sold in a closed transaction. The sale took place on June 16, 2021. The property, with a total area of 21,742 square feet, was listed for sale at an asking price of $8,500,000. The final sale price was negotiated at $7,750,000. The price per square foot for this transaction was $356.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,750,000
- Address: 829 SW 18 Ave, Little Havana, Miami
- Market: Little Havana, Miami
Pedro Camejo was the seller in this transaction, and the broker representing him was Rafael Fermoselle from the agency Rafael Fermoselle.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
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