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Sw 3 St

Yariel Herrera Acquires Multifamily Asset From Victor Quezada In Miami For $925,000
SOLDMultiFamily

Yariel Herrera Acquires Multifamily Asset From Victor Quezada In Miami For $925,000

Sw 3 St

$925,000

$358/SF

Building Size

2,583 SF

Asset Type

MultiFamily

Closing

Mar 21, 2025

AI

The asset involved in this transaction is a multifamily property located at 1800 Southwest 3rd Street Unit A, B, C & D in Miami. The sale price was $925,000, encompassing four units and a total square footage of 2,583. This results in a price per unit of $231,250 and a price per square foot of $358.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $925,000
  • Units: 4
  • Square Footage: 2,583
  • Price Per Unit: $231,250
  • Price Per Square Foot: $358
  • Buyer: Yariel Herrera
  • Seller: Victor Quezada
  • Broker: Ambarina Pernia - Real Estate Sales Force (RESF)

Ambarina Pernia, the broker for this transaction, is recognized as a highly successful commercial real estate agent specializing in multifamily deals. She holds a Master’s degree in International Real Estate and is skilled in representing buyers in purchasing valuable properties. Her expertise also includes assisting clients in enhancing their investment portfolios with prime real estate opportunities.

Players

Ambarina Pernia CCIM-MSIRE

CCIM

Broker

$5.6M

vol

4 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

17.15%

Cash-on-Cash

-4.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93