Updated Sep 9, 2024
Victor Torres Acquires Multifamily Property In Little Havanna From Rosa Blanco
963 Northwest 5th Street, Miami, Florida 33126, United States
$1,000,000
$243/SF
Building Size
4,104 SF
Asset Type
MultiFamily
Closing
Mar 15, 2022
About this deal
AI
The multifamily property located at 963 NW 5th St in Little Havana has been sold. The property consists of 6 units with a total square footage of 4,104. The property was listed for an asking price of $1,200,000 but was sold for $1,000,000. This translates to a price per unit of $166,667 and a price per square foot of $244.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 963 NW 5th St
- Market: Little Havana
The buyer of the property is Victor Torres, while the seller is Rosa Blanco. The transaction was facilitated by Bobby Berrido from The Space Brokers LLC, who acted as the broker representing both parties in the deal.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93