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3407 Day Avenue

Molly Korson Purchases Townhouse In Miami From James P. Rydborn For $1.775M
SOLDMultiFamily

Molly Korson Purchases Townhouse In Miami From James P. Rydborn For $1.775M

3407 Day Avenue

$1,775,000

$703/SF

Building Size

2,522 SF

Asset Type

MultiFamily

Closing

Jun 15, 2026

AI

The asset involved in this transaction is a townhouse located at 3407 Day Avenue in Miami. The property sold for $1,775,000, encompassing one unit with a total square footage of 2,522, resulting in a price per square foot of $703.

Summary of transaction details:

  • Property Type: Townhouse
  • Transaction Amount: $1,775,000
  • Units: 1
  • SF: 2,522
  • PPSF: $703
  • Buyer: Molly Korson
  • Seller: James P. Rydborn
  • Buyer's Representative: Guillermo Freixas & Jose Daniel Freixas - Serhant
  • Seller's Representative: Maya Vander - Compass

This transaction features key individuals such as the buyer Molly Korson and seller James P. Rydborn, both of whom were represented by their respective brokers in the deal. The buyer's representation was handled by Guillermo Freixas and Jose Daniel Freixas from Serhant, while the seller was represented by Maya Vander from Compass.

Players

Maya Vander

Compass

Broker

$4.5M

vol

2 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

8.94%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93