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.
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