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555 Northeast 34th Street

Kushner Companies Lands $157.5 Million Loan From Apollo Global Management And Macquarie Group
FINANCEDMultiFamily

Kushner Companies Lands $157.5 Million Loan From Apollo Global Management And Macquarie Group

555 Northeast 34th Street

$157,500,000

$415/SF

Building Size

379,000 SF

Asset Type

MultiFamily

Closing

Dec 18, 2024

AI

The Hamilton is a multifamily asset located at 555 Northeast 34th Street in Miami. This property features 276 units within a total square footage of 379,000. The acquisition loan secured for this asset amounts to $157,500,000.

Summary of transaction details:

This transaction involved key players from various companies, with Scott Weiner and Ben Gray representing the lenders, while Laurent Morali and Ben Curtiss represented the landlord, Kushner Companies. Walker & Dunlop acted as brokers for the deal, with a team led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Stepniewski, and Michael Ianno contributing to the transaction.

Players

Aaron Appel

Walker & Dunlop

Broker

$33.1B

vol

197 deals

Broker
Macquarie Group
Macquarie GroupLender

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93