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Mussadiq Muhammad Acquires Multifamily Asset In Miami From Avi Rave For $3.3M

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SOLD
$3,300,000

Florida

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MultiFamily17,000 SF
Sold 01/29/2026
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Property Image
SOLD

Mussadiq Muhammad Acquires Multifamily Asset In Miami From Avi Rave For $3.3M

345 Northwest 3rd Street

See Similar Deals
MultiFamily17,000 SF
Sold 01/29/2026
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$194
Total Square Footage:17,000 SF
Transaction Type:Sale

This multifamily asset is located at 345 Northwest 3rd Street in Miami and has a sale price of $3,300,000. The building features a total area of 17,000 square feet, resulting in a price per square foot of $194. It is a fully gutted, value-add property situated in the heart of Miami's Urban Core.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Address: 345 Northwest 3rd Street
  • Market: Miami
  • Sale Price: $3,300,000
  • Square Footage: 17,000
  • Price per Square Foot: $194
  • Buyer: Mussadiq Muhammad
  • Seller: Avi Rave
  • Brokers: David Cohen & Joseph Phelps - Horvath & Tremblay

The transaction involved buyer Mussadiq Muhammad acquiring the property from seller Avi Rave, with brokerage representation by David Cohen and Joseph Phelps from Horvath & Tremblay. Note from broker indicates that this building presents a value-add opportunity in a prime location within the urban core of Miami.

Players

David Cohen
10 deals$67.3M volume(954) 661-4908
BROKER

Joseph Phelps
Horvath & Tremblay
1 deal$3.3M volume(978) 807-3245
BROKER

Details

SOLD
IMAGE: David Cohen & Joseph Phelps DATE: 01/29/2026 ADDRESS: 345 Northwest 3rd Street MARKET: Miami ASSET TYPE: Multifamily BUYER: Mussadiq Muhammad SELLER: Avi Rave BROKERS: David Cohen (@DCmia999) & Joseph Phelps (@JwPhelps123) - Horvath & Tremblay SALE PRICE: $3,300,000 SF: 17,000 ~ PPSF: $194 NOTE FROM BROKER: Fully gutted, value add building in the heart of Miami's Urban Core. Contact us directly for more deals like this.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20