Dennis Day Acquires Single Family Home From Fermin Alvarez & Andres Alvarez For $3.5M
SOLD
$3,500,000
Florida
See Similar DealsSingle Family Residence4,370 SF
Sold 01/30/2026
SOLD
Dennis Day Acquires Single Family Home From Fermin Alvarez & Andres Alvarez For $3.5M
1351 Southwest 16th Avenue
See Similar DealsSingle Family Residence4,370 SF
Sold 01/30/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$800
Total Square Footage:4,370 SF
Transaction Type:Sale
The asset involved in this transaction is a single family home located at 1351 Southwest 16th Avenue, situated in the Miami market. The sale price of the property was $3,500,000, with a total square footage of 4,370, resulting in a price per square foot of $800.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,500,000
- Address: 1351 Southwest 16th Avenue
- Market: Miami
- Square Footage: 4,370
- Price per Square Foot: $800
- Buyer: Dennis Day
- Seller: Fermin Alvarez & Andres Alvarez
- Buyer’s Representative: Matthew Dugow & Eli Faitelson - Compass
The representatives for the buyer, Matthew Dugow and Eli Faitelson, are associated with Compass and played a crucial role in facilitating the transaction between Dennis Day and the sellers, Fermin Alvarez and Andres Alvarez.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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