Jason M. Pantzer Acquires AMLI Doral For $139.25M With Pantzer Properties
11481 Northwest 41st Street
$139,250,000
$292/SF
Building Size
475,423 SF
Asset Type
MultiFamily
Closing
Jun 21, 2024
AI
The multifamily property located at 11481 Northwest 41st Street in Doral was sold for $139.25 million. The property consists of 352 units with a price per unit of $395,597. The total square footage of the property is 475,423, with a price per square foot of $293. The sale was facilitated by JLL Real Estate Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $139,250,000
- Buyer: Jason M. Pantzer - Pantzer Properties
- Seller: Gregory Mutz - AMLI Residential
- Brokers: Maurice Habif, Nick Lavin & Simon Banke - JLL
- Lender: JLL Real Estate Capital
- Mortgage Brokers: Amit Kakar, Jamie Leachman & Sean O’Brien - JLL
The sale of the AMLI Doral apartments, now known as the Point at Lakeside, to PP Everglades 41 Investors LLC, associated with Pantzer Properties, reflects the strong investor interest in the property's quality and prime location in Doral, Miami's vibrant submarket.
Players
Doral MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93