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Uccio Zecchini & Brandon Brugal Acquire Multifamily Asset In Miami For $1.25M

Property Image
SOLD
$1,250,000

Florida

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MultiFamily3,552 SF
Sold 10/31/2024
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Property Image
SOLD

Uccio Zecchini & Brandon Brugal Acquire Multifamily Asset In Miami For $1.25M

550 Northwest 30th Street

See Similar Deals
MultiFamily3,552 SF
Sold 10/31/2024
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$351
Total Square Footage:3,552 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 550 Northwest 30th Street in Miami and falls under the multifamily asset type. The sale price for this property was $1,250,000, comprising 5 units. The square footage of the property is 3,552, which results in a price per square foot of $351 and a price per unit of $250,000.

Summary of transaction details:

The individuals involved in this transaction include buyers Uccio Zecchini and Brandon Brugal, who are also brokers in this deal. The seller of the property is Peter Payam. The brokerage firm representing the transaction is BZG International, with each of the three brokers participating in the deal contributing to the process.

Players

Brandon Brugal
17 deals$47.3M volume(305) 491-5357
BROKER

Uccio Zecchini
BZG International
11 deals$25.4M volume(305) 796-2271
BROKER

Gabriel Garcia
BZG International
2 deals$3.8M volume(305) 343-0702
BROKER

Details

SOLD
IMAGE: Uccio Zecchini, Brandon Brugal & Gabriel Garcia DATE: 10/31/2024 ADDRESS: 550 Northwest 30th Street MARKET: Miami ASSET TYPE: Multifamily BUYER: Uccio Zecchini & Brandon Brugal SELLER: Peter Payam BROKERS: Brandon Brugal (@Brandon_Brugal), Uccio Zecchini (@Uzeta_22) & Gabriel Garcia (@Mr.G3_re) - BZG International (@BZGInternational) SALE PRICE: $1,250,000 UNITS: 5 ~ PPU: $250,000 SF: 3,552 ~ PPSF: $351

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65