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9580 Northwest 4th Avenue

Santiago A. Alvarez Acquires Multifamily Property In Miami For $1.705 Million From Fleurgin Rochelin
SOLDMultiFamily

Santiago A. Alvarez Acquires Multifamily Property In Miami For $1.705 Million From Fleurgin Rochelin

9580 Northwest 4th Avenue

$1,705,000

$332/SF

Building Size

5,128 SF

Asset Type

MultiFamily

Closing

Mar 31, 2025

AI

Santiago A. Alvarez acquired a 10-unit multifamily property, consisting of 5,128 square feet, located at 9580 Northwest 4th Avenue in Miami for $1,705,000. The property, sitting on 0.45 acres, was formerly owned by Fleurgin Rochelin.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,705,000
  • Units: 10
  • Price Per Unit: $170,500
  • Square Footage: 5,128
  • Price Per Square Foot: $332
  • Buyer: Santiago A. Alvarez
  • Seller: Fleurgin Rochelin
  • Brokers: Janet Crucet & Kristine Flook - Urbanize Properties

Kristine Flook and Janet Crucet from Urbanize Properties represented the buyer, Santiago A. Alvarez, during the transaction. The deal highlights the collaborative efforts of the brokers in facilitating the acquisition of this multifamily asset.

Players

Janet Crucet

Urbanize Properties

Broker

$97.2M

vol

15 deals

Broker

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

9.30%

Cash-on-Cash

-2.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93