Adam Weiss Purchases Multifamily Asset At 43 Glenn Royal Parkway For $1.975M With Seller's Rep Rafael Fermoselle
SOLD
$1,975,000
Florida
See Similar DealsMultiFamily4,241 SF
Sold 05/26/2026
SOLD
Adam Weiss Purchases Multifamily Asset At 43 Glenn Royal Parkway For $1.975M With Seller's Rep Rafael Fermoselle
43 Glenn Royal Parkway
See Similar DealsMultiFamily4,241 SF
Sold 05/26/2026
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$465
Total Square Footage:4,241 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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