facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

14460 Northwest 22nd Avenue...

SteelBlock LLC Acquires Multifamily Asset In Opa-locka For $8.2M, Represented By Franklin Street
SOLDMultiFamily

SteelBlock LLC Acquires Multifamily Asset In Opa-locka For $8.2M, Represented By Franklin Street

14460 Northwest 22nd Avenue, Opa-locka, FL, USA

$8,200,000

$752/SF

Building Size

10,892 SF

Asset Type

MultiFamily

Closing

Jan 7, 2020

AI

The multifamily property located at 14255-14460 Northwest 22nd Avenue in Opa-locka has been sold. The transaction took place on January 8, 2020. The property, known as Ingram Park Apartments, was sold by Ingram Park Apartments LLC. The buyer, SteelBlock LLC, represented by Ignacio Murman, acquired the property for a total price of $8,200,000. The asset consists of 118 units, with a price per unit of $70,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,200,000
  • Address: 14255-14460 Northwest 22nd Avenue
  • Market: Opa-locka

Hernando Perez, Joe Rubin, and Oscar Banegas from Franklin Street served as the brokers in this transaction. They represented both the buyer, SteelBlock LLC, and the seller, Ingram Park Apartments LLC. The involvement of these key individuals and companies highlights their role in facilitating the deal.

Players

Hernando Perez

Horvath & Tremblay

Broker

$31.5M

vol

9 deals

Broker

Ignacio Murman

Buyer

$16.4M

vol

2 deals

Buyer

Opa Locka 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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93