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
Opa Locka 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93