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1558 Southwest 3rd Street

Martin Nicholls Nivel Purchases Multifamily Asset From Jessica Reynoso For $1,005,882 In Miami
SOLDMultiFamily

Martin Nicholls Nivel Purchases Multifamily Asset From Jessica Reynoso For $1,005,882 In Miami

1558 Southwest 3rd Street

$1,005,882

$227/SF

Building Size

4,414 SF

Asset Type

MultiFamily

Closing

Jan 5, 2026

AI

The property asset involved in the transaction is a multifamily unit located at 1558 Southwest 3rd Street in the Miami market. The sale was completed for a price of $1,005,882, with a total square footage of 4,414, resulting in a price per square foot of $227.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,005,882
  • Address: 1558 Southwest 3rd Street
  • Market: Miami
  • Square Footage: 4,414
  • Price per Square Foot: $227
  • Buyer: Martin Nicholls Nivel
  • Seller: Jessica Reynoso
  • Brokers: Carl Gorman & Ricardo Lay - APEX Capital Realty

The deal was facilitated by brokers Carl Gorman and Ricardo Lay, who are with APEX Capital Realty. They represented the interests of both the buyer and seller in this transaction, ensuring a successful closing on the multifamily asset.

Players

Carl Gorman

APEX Capital Realty

Broker

$34.9M

vol

14 deals

Broker

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

15.77%

Cash-on-Cash

-4.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93