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550 Northwest 30th Street

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

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

550 Northwest 30th Street

$1,250,000

$351/SF

Building Size

3,552 SF

Asset Type

MultiFamily

Closing

Oct 31, 2024

AI

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

BZG International

Broker

$47.3M

vol

17 deals

Broker

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93