Hecotr Mata Purchases MultiFamily Property At 905 W 29th St From Alex Rigueiro For $1,650,000
905 W 29th St
$1,650,000
$126/SF
Building Size
13,094 SF
Asset Type
MultiFamily
Closing
Apr 7, 2014
AI
The property asset involved in this transaction is a MultiFamily building located at 905 W 29th St in the Miami market. The asset encompasses a square footage of 13,094 and was sold for a total price of $1,650,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,650,000.00
- Address: 905 W 29th St
- Market: Miami
- Square Footage: 13,094
- Buyer: Hecotr Mata
- Seller: Alex Rigueiro
- Brokers: Arthur Porosoff, Jorge Ruiz (Premier Properties)
This transaction involved Hecotr Mata as the buyer and Alex Rigueiro as the seller. The deal was represented by brokers Arthur Porosoff and Jorge Ruiz from Premier Properties, providing expertise in the closing transaction.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93