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13201 Memorial Hwy

Dorian Apartments Acquires Multifamily Property In North Miami From Lisa Ramos For $4.85M
SOLDMultiFamily

Dorian Apartments Acquires Multifamily Property In North Miami From Lisa Ramos For $4.85M

13201 Memorial Hwy

$4,850,000

$311/SF

Building Size

15,578 SF

Asset Type

MultiFamily

Closing

Mar 11, 2023

AI

Dorian Apartments has purchased a multifamily property located at 13201 Memorial Hwy in North Miami. The property consists of 28 units with a total square footage of 15,578. The sale price for the property was $4,850,000, resulting in a price per unit of $173,214 and a price per square foot of $311.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,850,000
  • Address: 13201 Memorial Hwy, North Miami
  • Market: North Miami
  • Buyer: Dorian Apartments
  • Seller: Lisa Ramos
  • Seller's Representative: Eddie Gil & Robinson Seda Jr. - Skyrise Commercial REA
  • Units: 28
  • Price per Unit: $173,214
  • Square Footage: 15,578
  • Price per Square Foot: $311

The transaction was facilitated by Eddie Gil & Robinson Seda Jr. from Skyrise Commercial REA, who represented the seller, Lisa Ramos. Their expertise and negotiation skills played a crucial role in the successful completion of the deal.

Players

Eduardo Gil

Broker

$36.4M

vol

3 deals

Broker

Lisa Ramos

Seller

$51.6M

vol

3 deals

Seller

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

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93