Updated Oct 28, 2024
Bayview Partners Acquires 252-Unit Multifamily Property In Homestead For $70M
13720 Southwest 272nd Street, Homestead, Florida 33032, United States
$70,000,000
$70,070/SF
Building Size
999 SF
Asset Type
MultiFamily
Closing
Apr 17, 2022
About this deal
AI
Located in Homestead, the multifamily property at 13720 SW 272nd Street has recently been sold in a closed transaction. Spanning over 10.7 acres, this property offers a significant investment opportunity.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Market: Homestead
- Address: 13720 SW 272nd Street
- Asset Type: Multifamily
- Acres: 10.7
The buyer of this property is Bayview Partners, while Pride Homes acted as the seller in this transaction. The deal was facilitated by Tal Frydman, Avery Klann, and Hampton Beebe from Newmark.
This successful transaction involved the transfer of 252 units at a price of $277,778 per unit. The collaboration between the buyer, seller, and their representatives has resulted in the completion of this significant deal.
On the Map
$70,000,000
$70,070/SF
MultiFamily
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Players
Homestead 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93