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930 Southwest 2nd Avenue

Updated Dec 4, 2024

Yaneicy Gonzalez Rojas Acquires Multifamily Property From Max Zeff For $9 Million In Miami
SOLDMultiFamily

Yaneicy Gonzalez Rojas Acquires Multifamily Property From Max Zeff For $9 Million In Miami

930 Southwest 2nd Avenue

$9,000,000

$389/SF

Building Size

23,120 SF

Asset Type

MultiFamily

Closing

Oct 11, 2024

About this deal

AI

The property involved in this transaction is a multifamily asset located at 930 Southwest 2nd Avenue in Miami. The sale price for the property was $9,000,000, comprising 32 units. The total square footage of the asset is 23,120, which equates to a price per unit of $281,250 and a price per square foot of $389.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,000,000
  • Units: 32
  • Square Footage: 23,120
  • Price Per Unit: $281,250
  • Price Per Square Foot: $389
  • Buyer: Yaneicy Gonzalez Rojas
  • Seller: Max Zeff - Havana Palm Holdings
  • Broker Representatives: Arthur Porosoff & David Cohen - Compass

Yaneicy Gonzalez Rojas is the buyer of the multifamily property, while Max Zeff represents the seller, Havana Palm Holdings. The transaction was facilitated by brokers Arthur Porosoff and David Cohen from Compass, who played a pivotal role in the deal process.

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$9,000,000

$389/SF

MultiFamily

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Players

Arthur David Porosoff
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Arthur David Porosoff

POROSOFF

Broker

$229.7M

vol

33 deals

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Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $389 per square foot on a published $9M for 23,120 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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