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8025 Crespi Boulevard

Luis Carrasquillo Buys Multifamily Property On Crespi Boulevard In Miami Beach For $1.52M
SOLDMultiFamily

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

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
The Alpha Commercial
The Alpha CommercialBrokerage

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