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100 Northwest 6th Street, M...

Harbor Group International Acquires Miami Multifamily For $450M
SOLDMultiFamily

Harbor Group International Acquires Miami Multifamily For $450M

100 Northwest 6th Street, Miami, Florida 33125, United States

$450,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 15, 2022

AI

The multifamily property located at 100 NW 6th St in Miami was recently sold in a closed transaction. The property consists of 816 units and was sold for approximately $450,000,000, with a per unit price of $551,471.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $450,000,000 (Approx.)
  • Address: 100 NW 6th St
  • Market: Miami

The buyer of the property was Harbor Group International, represented by Jordan Slone, Yisroel Berg, and Richard Litton. The seller was Florida East Coast Industries. The deal was facilitated by brokers Robert Given and Troy Ballard from Cushman & Wakefield.

Players

Robert Given

CBRE

Broker

$4.2B

vol

44 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Jordan Slone

Jordan Slone

Harbor Group International

Buyer

$5.4B

vol

21 deals

Buyer
Florida East Coast Industries
Florida East Coast IndustriesSeller

Miami 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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93