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:
- Property Type: MultiFamily
- Transaction Amount: $4,375,000
- Units: 10
- Square Footage: 8,556
- Price Per Unit: $437,500
- Price Per Square Foot: $511
- Date of Transaction: 07/16/2026
- Broker: Joel Rodriguez - Global Investments Realty
Joel Rodriguez represented the seller in this multifamily property transaction, facilitating the successful sale within the Edgewater market.
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