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401-411 Northeast 22nd Stre...

Joel Rodriguez Of Global Investments Realty Facilitates Sale Of Miami Multifamily For $4.375M
SOLDMultiFamily

Joel Rodriguez Of Global Investments Realty Facilitates Sale Of Miami Multifamily For $4.375M

401-411 Northeast 22nd Street, Miami, Fl, 33137

$4,375,000

$511/SF

Building Size

8,556 SF

Asset Type

MultiFamily

Closing

Jul 16, 2026

AI

The transaction involves a multifamily asset located at 401-411 Northeast 22nd Street, Miami, FL 33137 in the Edgewater market. The property comprises 10 units and spans a total of 8,556 square feet, with a price per unit of $437,500 and a price per square foot of $511. The overall sale price for the property was established at $4,375,000.

Summary of transaction details:

Joel Rodriguez represented the seller in this multifamily property transaction, facilitating the successful sale within the Edgewater market.

Players

Joel Rodriguez

Global Investments Realty

Broker

$284.4M

vol

15 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

3.63%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93