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
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