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850 SW 14th Ave

Silvia C. Wong Acquires 6-Unit Multifamily In Little Havana For $2.76M
SOLDMultiFamily

Silvia C. Wong Acquires 6-Unit Multifamily In Little Havana For $2.76M

850 SW 14th Ave

$2,760,000

$306/SF

Building Size

9,000 SF

Asset Type

MultiFamily

Closing

Apr 24, 2023

AI

A multi-family property located at 850 SW 14th Ave in Little Havana has been sold for $2,760,000. This property consists of 6 units with a total square footage of 9,000. The price per unit was $460,000, and the price per square foot was $307. The transaction took place on April 24, 2023.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $2,760,000
  • Address: 850 SW 14th Ave
  • Market: Little Havana
  • Units: 6
  • Price per Unit: $460,000
  • Square Footage: 9,000
  • Price per Square Foot: $307

The buyer of this property is Silvia C. Wong, and the sellers are Ricky Trinidad and Kelly Beam. Angel Liuvet from Miami Realty Law Group represented the buyer, and Frank Rodriguez Melo and Altagracia Labrozzi from Cedano Realty Advisors represented the sellers.

Players

Frank Rodriguez Melo

Cedano Realty Advisors

Broker

$70.6M

vol

7 deals

Broker

Grand Rapids 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

5.75%

Cash-on-Cash

-1.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93