Babba Joshua Yesharim Acquires Multifamily Property In Little Havana For $2M
985 Northwest 6th Street & 613 Northwest 10th Avenue
$2,000,000
$144/SF
Building Size
13,800 SF
Asset Type
MultiFamily
Closing
Jan 2, 2024
AI
A multifamily property located at 985 Northwest 6th Avenue and 613 Northwest 10th Avenue in Little Havana has been sold for a price of $2,000,000. The property consists of 9 units with a total square footage of 6,900. The price per unit is $222,222 and the price per square foot is $290.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 985 Northwest 6th Avenue and 613 Northwest 10th Avenue
- Market: Little Havana
- Units: 9
- Price per Unit: $222,222
- Square Footage: 6,900
- Price per Square Foot: $290
The buyer of the property is Babba Joshua Yesharim, while the sellers are Constantino Cichilli, Stefano Garofoli, and Francisco Rodriguez Melo. The buyer was represented by John Lonardo from NAI Miami, and the seller was represented by Frank Rodriguez Melo from Cedano Realty Advisors.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93