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
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