Adam Weiss Purchases Multifamily Asset At 43 Glenn Royal Parkway For $1.975M With Seller's Rep Rafael Fermoselle
43 Glenn Royal Parkway
$1,975,000
$465/SF
Building Size
4,241 SF
Asset Type
MultiFamily
Closing
May 25, 2026
AI
The property asset involved in the transaction is located at 43 Glenn Royal Parkway in the Miami market. It is classified as a multifamily asset and consists of 7 units. The total square footage of the property is 4,241, with a sale price of $1,975,000, resulting in a price per unit of $282,142 and a price per square foot of $465.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,975,000
- Units: 7
- Square Footage: 4,241
- Price Per Unit: $282,142
- Price Per Square Foot: $465
- Buyer: Adam Weiss
- Seller: Francisco Lagos Marmol
- Seller's Representative: Rafael Fermoselle - ElevenTrust Real Estate Services
The transaction features key individuals, including the buyer Adam Weiss and seller Francisco Lagos Marmol. Rafael Fermoselle acted as the seller's representative, associated with ElevenTrust Real Estate Services, facilitating the sale between the involved parties.
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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93