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858 Northwest 3rd Street, M...

Alberto Fernandez Acquires Multifamily Property In Little Havana For $3.3M
SOLDMultiFamily

Alberto Fernandez Acquires Multifamily Property In Little Havana For $3.3M

858 Northwest 3rd Street, Miami, Florida 33125, United States

$3,300,000

$198/SF

Building Size

16,606 SF

Asset Type

MultiFamily

Closing

Aug 15, 2022

AI

Located in Little Havana, this multifamily property at 858 NW 3rd St has recently been sold in a closed transaction. The sale, which took place on August 16, 2022, was facilitated by Bibiana Pelaez of Canvas Real Estate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Address: 858 NW 3rd St
  • Market: Little Havana

The buyer, Alberto Fernandez, acquired the property from Maria Armas. The deal involved 24 units, offering a per unit price of $137,500. The total square footage of the property spans 16,606 square feet, with a price per square foot of $199.

For Commercial and Residential Real Estate opportunities in South Florida, feel free to reach out to @bibiana_pelaez_real_estate for off-market deals and more.

Players

Bibiana Pelaez Lopez

Canvas Real Estate

Broker

$7.8M

vol

3 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93