Updated Aug 17, 2026
GH Lafayette Plaza LP Acquires Multifamily Property In Miami From Lafayette Square II LTD For $27M
155 Northeast 78th Street
$27,000,000
$132/SF
Building Size
203,531 SF
Asset Type
MultiFamily
Closing
Jul 29, 2026
About this deal
AI
A multifamily property located at 155 Northeast 78th Street in Miami was sold for $27 million. The asset spans 203,531 square feet, translating to a price per square foot of approximately $133.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $27,000,000
- Buyer: GH Lafayette Plaza LP
- Seller: Lafayette Square II LTD
- Sale Date: 07/29/2026
- Square Footage: 203,531
- Price Per Square Foot: $133
GH Lafayette Plaza LP acquired the property from Lafayette Square II LTD, marking a significant transaction in the Miami market.
Players
Miami 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93