Updated Dec 21, 2023
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
About this deal
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.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93