Updated Oct 28, 2024
Cade Capital Acquires 112-Unit Multifamily Property In Miami For $17.5M
1080 Northeast 215th Street, Miami, FL 33179, USA
$17,500,000
$110/SF
Building Size
158,123 SF
Asset Type
MultiFamily
Closing
Jul 19, 2020
About this deal
AI
The multifamily property located at 1080 NE 215th Street in Miami has been involved in a recent closed transaction. The property spans over 3.5 acres and consists of 112 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 07/19/2021
- Market: Miami
- Loan Amount: $17,500,000
- Lender: Banesco USA; Abanca USA - Monica Vazquez
- Landlord: Cade Capital
- Units: 112
- Acres: 3.5
The loan for this transaction was provided by Banesco USA and Abanca USA, with Monica Vazquez representing the lenders. The landlord in this deal is Cade Capital.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93