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11481 Northwest 41st Street

Jason M. Pantzer Acquires AMLI Doral For $139.25M With Pantzer Properties
SOLDMultiFamily

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:

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

Amit Kakar

JLL

Broker

$513.4M

vol

8 deals

Broker
JLL
JLLLender

Doral 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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93