Updated Dec 4, 2024
Starwood Capital Group Acquires Homestead Multifamily For $28.3M
15350 Southwest 284th Street, Homestead
$28,300,000
$157,222/SF
Building Size
180 SF
Asset Type
MultiFamily
Closing
Mar 15, 2020
About this deal
AI
A multifamily property located at 15350 Southwest 284th Street in Homestead has been sold for $28,300,000. The property consists of 180 units, with an average price per unit of $157,222.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $28,300,000
- Address: 15350 Southwest 284th Street, Homestead
- Market: Homestead
- Units: 180
- Price Per Unit: $157,222
The buyer of the property is Starwood Capital Group, represented by Barry Sternlicht, while the seller is Michael J. Hornbrook, represented by Lakeside Capital.
The multifamily sale at 15350 Southwest 284th Street, Homestead in Homestead, Florida sold for $28.3M in 2020. The building is 180 square feet, implying about 157.2K per square foot on the published price. Named participants on the 15350 Southwest 284th Street, Homestead sale are Barry Sternlicht. This page is the Homestead, Florida file for the 15350 Southwest 284th Street, Homestead multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Homestead sit in the Market section below. Filter that Homestead multifamily set by closing date to see what else sold near 15350 Southwest 284th Street, Homestead around 2020. Published consideration for 15350 Southwest 284th Street, Homestead is $28.3M, dated 2020. Cite this Starwood Capital Group Acquires Homestead Multifamily For $28.3M sale when underwriting similar multifamily product around Homestead, Florida.
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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93