Updated Sep 1, 2026
SOLDMultiFamily
Mazal Investments 42, LLC Acquires 36-Unit Multifamily Property In Miami For $6.1M
655 Northeast 149th Street
$6,100,000
$273/SF
Building Size
22,288 SF
Asset Type
MultiFamily
Closing
Aug 4, 2026
About this deal
AI
The multifamily property located at 655 Northeast 149th Street in Miami, FL, consists of 36 units and spans 22,288 square feet. It was built in 1956 and sits on a 1.05-acre lot. The property was acquired by Mazal Investments 42, LLC for a total sale price of $6,100,000, translating to approximately $169,444 per unit and $273.69 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Address: 655 Northeast 149th Street
- Market: Miami, FL
- Units: 36
- PPU: $169,444
- SF: 22,288
- PPSF: $273.69
- Buyer: Mazal Investments 42, LLC
- Brokers: Felipe Echarte, Evan Kristol & Austin M. Michels - Marcus & Millichap
Felipe Echarte, Evan Kristol, and Austin M. Michels of Marcus & Millichap represented both parties in the transaction, facilitating the transfer of the multifamily asset to Mazal Investments 42, LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93