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850 Sw 14th Ave, Little Hav...

Silvia C. Wong Acquires Little Havana Multifamily For $2.76M
SOLDMultiFamily

Silvia C. Wong Acquires Little Havana Multifamily For $2.76M

850 Sw 14th Ave, Little Havana, FL 33125, USA

$2,760,000

$306/SF

Building Size

9,000 SF

Asset Type

MultiFamily

Closing

Apr 24, 2023

AI

The multi-family property located at 850 SW 14th Ave in Little Havana has been sold in a recent transaction. The property features 6 units with a total square footage of 9,000. The sale price for this transaction was $2,760,000, resulting in a price per unit of $460,000 and a price per square foot of $307.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $2,760,000
  • Units: 6
  • Price Per Unit: $460,000
  • Square Footage: 9,000
  • Price Per Square Foot: $307

The buyer of the property is Silvia C. Wong, and the sellers are Ricky Trinidad and Kelly Beam. Angel Liuvet from Miami Realty Law Group represented the buyer, while Frank Rodriguez Melo and Altagracia Labrozzi from Cedano Realty Advisors represented the sellers in this transaction.

Players

Frank Rodriguez Melo

Cedano Realty Advisors

Broker

$70.6M

vol

7 deals

Broker

Silvia C. Wong

Buyer

$6.5M

vol

3 deals

Buyer

Ricky Trinidad

Seller

$5.5M

vol

2 deals

Seller

Sunny Isles Beach 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

5.75%

Cash-on-Cash

-1.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93