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829 SW 18th Ave, Little Hav...

Pedro Camejo Sells Multifamily Property In Little Havana, Miami For $7.75M
SOLDMultiFamily

Pedro Camejo Sells Multifamily Property In Little Havana, Miami For $7.75M

829 SW 18th Ave, Little Havana, Miami, FL, USA

$7,750,000

$712/SF

Building Size

10,871 SF

Asset Type

MultiFamily

Closing

Jun 16, 2020

AI

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.

Players

Rafael Fermoselle

ElevenTrust Real Estate Services

Broker

$109.6M

vol

22 deals

Broker

Pedro Camejo

Seller

$42.6M

vol

10 deals

Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93