Updated Nov 17, 2023
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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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