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
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