SOLDMultiFamily
Leticia Cirera Purchases Multifamily Property At 15390 Northeast 6th Avenue For $11.5M, Seller Sergio Barake
15390 Northeast 6th Avenue
$11,500,000
$202/SF
Building Size
56,841 SF
Asset Type
MultiFamily
Closing
Jul 8, 2026
AI
The property asset involved in this transaction is a multifamily building located at 15390 Northeast 6th Avenue in Miami. This asset sold for $11,500,000 and comprises 60 units. The total square footage of the property is 56,841, resulting in a price per unit of $191,666 and a price per square foot of $202.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Units: 60
- Square Footage: 56,841
- Price Per Unit: $191,666
- Price Per Square Foot: $202
- Buyer: Leticia Cirera
- Seller: Sergio Barake
- Brokers: Austin M. Michels, Felipe Echarte & Evan Kristol - Marcus & Millichap
This transaction was facilitated by brokers Austin M. Michels, Felipe Echarte, and Evan Kristol from Marcus & Millichap, representing both the buyer and the seller in this successful 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93