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985 Northwest 6th Street

Updated Dec 4, 2024

Babba Joshua Yesharim Acquires Multifamily Property In Little Havana For $2M
SOLDMultiFamily

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

6,900 SF

Asset Type

MultiFamily

Closing

Jan 2, 2024

About this deal

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.

On the Map

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$2,000,000

$144/SF

MultiFamily

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Players

John Lonardo

NAI Global

Broker

$35.5M

vol

4 deals

Broker
Babba Joshua Yesharim

Babba Joshua Yesharim

Buyer

$107.5M

vol

28 deals

Buyer
B
BrickoneSeller
Stefano Garofoli

Stefano Garofoli

Seller

$34M

vol

9 deals

Seller
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Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $144 per square foot on a published $2M for 13,800 square feet (2024).

Visit Frank Rodriguez Melo to view all their deals.

Browse Miami multifamily sales on Traded.

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

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