Dennis Day Acquires Single Family Home From Fermin Alvarez & Andres Alvarez For $3.5M
1351 Southwest 16th Avenue
$3,500,000
$800/SF
Building Size
4,370 SF
Asset Type
Single Family Residence
Closing
Jan 29, 2026
AI
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
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93