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
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