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:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 5
- Square Footage: 3,552
- Price Per Unit: $250,000
- Price Per Square Foot: $351
- Buyer: Uccio Zecchini & Brandon Brugal
- Seller: Peter Payam
- Brokers: Brandon Brugal, Uccio Zecchini & Gabriel Garcia - BZG International
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
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