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12016 NE 16th Ave Miami, FL...

Updated Nov 17, 2023

Miami MultiFamily Sold For $55.97M With 240 Units At $233,208.33 Per Unit
SOLDMultiFamily

Miami MultiFamily Sold For $55.97M With 240 Units At $233,208.33 Per Unit

12016 NE 16th Ave Miami, FL 33161, USA

$55,970,000

Units

240

Asset Type

MultiFamily

Closing

May 4, 2023

About this deal

AI

A multi-family property in Miami has been sold for a total price of $55,970,000. The property consists of 240 units, with a per unit price of $233,208.33. The sale also includes the land, with no square footage provided. The price per square foot cannot be determined as the square footage of the property is unknown. The transaction took place on an unspecified date.

Summary of transation details

  • Property Type: MultiFamily
  • Transaction Amount: $55,970,000
  • Units: 240
  • Price Per Unit: $233,208.33

No additional information about the buyer, seller, buyer's representative, seller's representative, or brokers involved in the transaction was provided. It is important to note that no specific market information was mentioned either.

Players

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $233.2K per unit across 240 units on a published $56M (2023).

Browse Florida multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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