Luis Carrasquillo Buys Multifamily Property On Crespi Boulevard In Miami Beach For $1.52M
8025 Crespi Boulevard
$1,521,500
$322/SF
Building Size
4,719 SF
Asset Type
MultiFamily
Closing
Aug 28, 2025
AI
The property asset involved in the transaction is a multifamily building located at 8025 Crespi Boulevard in Miami Beach. The sale price for the asset was $1,521,500, encompassing 6 units, with a price per unit of $253,583. The total square footage of the property is 4,719, which equates to a price per square foot of $322.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,521,500
- Units: 6
- Price Per Unit: $253,583
- Square Footage: 4,719
- Price Per Square Foot: $322
- Buyer: Luis Carrasquillo
- Seller: Brian Fuentes
- Buyer's Representative: Steffanie Jacobson & Jamie Rose Maniscalco - The Alpha Commercial
- Seller's Representative: Nailan Rodriguez - New Way Realty
This transaction involved key individuals including buyer Luis Carrasquillo and seller Brian Fuentes, each represented by their respective broker representatives. The buyer's team consisted of Steffanie Jacobson and Jamie Rose Maniscalco, both affiliated with The Alpha Commercial, while the seller was represented by Nailan Rodriguez from New Way Realty.
Players
Miami Beach 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
10.43%
Cash-on-Cash
-2.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93