Leandro Espinosa Acquires Multifamily Property From Jesus Perez For $4.625M In North Miami
13201 Memorial Highway
$4,625,000
$249/SF
Building Size
18,576 SF
Asset Type
MultiFamily
Closing
May 3, 2026
AI
The asset involved in the transaction is a multifamily property located at 13201 Memorial Highway in North Miami. The sale price for this property was $4,625,000, encompassing a total of 28 units. The square footage of the building is 18,576, resulting in a price per unit of $165,178 and a price per square foot of $248.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,625,000
- Units: 28
- Square Footage: 18,576
- Price Per Unit: $165,178
- Price Per Square Foot: $248
- Buyer: Leandro Espinosa
- Seller: Jesus Perez
- Brokers: Miguel Fuentes & Mauricio Villasuso - Fausto Commercial Realty Consultants
The key individuals involved in this transaction include buyer Leandro Espinosa and seller Jesus Perez. Brokers Miguel Fuentes and Mauricio Villasuso from Fausto Commercial Realty Consultants represented the buyer and seller in this multifamily property deal.
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
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93