Brian Kim & John Prete Acquire Multifamily Property In Homestead, FL For $46.4M
1400 East Mowry Drive, Homestead, Florida 33033, United States
$46,396,421
$2,228/SF
Building Size
20,821 SF
Asset Type
MultiFamily
Closing
Jan 12, 2022
AI
A multifamily property located at 1400 E Mowry Dr in Homestead, FL, has been sold in a closed transaction. The property spans 20,821 square feet and was sold for a price of $46,396,421, resulting in a price per square foot of $2,228.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $46,396,421
- Square Feet: 20,821
- Price Per Square Foot: $2,228
- Address: 1400 E Mowry Dr, Homestead, FL
- Market: Homestead, FL
The buyer in this transaction is Brian Kim & John Prete, while the seller is Jorge Lopez.
Players
Homestead MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93