facebook
Traded Co logo
Submit

Artemis Real Estate Partners Acquires Multifamily Property In Homestead For $70.5M

Property Image
SOLD
$70,500,000

Florida

See Similar Deals
MultiFamily
Sold 12/30/2021
the dealplayerscompscontact
Property Image
SOLD

Artemis Real Estate Partners Acquires Multifamily Property In Homestead For $70.5M

14981 SW 283rd St, Homestead, Florida 33033, United States

See Similar Deals
MultiFamily
Sold 12/30/2021
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 14981 Southwest 283rd Street in Homestead has been sold in a recent transaction. The property consists of 288 units and was sold for a total price of $70,500,000, resulting in an average price per unit of $244,792.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $70,500,000
  • Units: 288
  • Price per Unit: $244,792
  • Address: 14981 Southwest 283rd Street
  • Market: Homestead

The buyer of the property is Artemis Real Estate Partners, represented by Deborah Harmon. The seller, Alcazar Development Group, was represented by Justo Fernandez, Jose Jorge Figuero, Guillermo Villar, and Scott Hedge. The deal was facilitated by brokers Jaret Turkell and Roberto Pesant of Berkadia.

Players

Jaret Turkell
49 deals$3.2B volume
BROKER

Roberto Pesant
Berkadia
32 deals$2.3B volume
BROKER

Deborah Harmon
Artemis Real Estate Partners
12 deals$994.8M volume
BUYER

Details

SOLD
IMAGE: Jose Jorge Figuero, Scott Hedge, Guillermo Villar, Jaret Turkell, Deborah Harmon, Roberto Pesant & Justo Fernandez DATE: 12/30/2021 ADDRESS: 14981 Southwest 283rd Street MARKET: Homestead ASSET TYPE: Multifamily BUYER: Artemis Real Estate Partners - Deborah Harmon SELLER: Alcazar Development Group - Justo Fernandez, Jose Jorge Figuero, Guillermo Villar & Scott Hedge BROKERS: Jaret Turkell & Roberto Pesant - Berkadia SALE PRICE: $70,500,000 UNITS: 288 ~ PPU: $244,792

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,760,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$250,471.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$334,205.97
Annual Debt Service$4,010,471.61