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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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