Updated Oct 28, 2024
Buff Management Acquires Sunny Isles Beach Multifamily From Jamestown For $110.6M
17101 North Bay Road, Sunny Isles Beach, FL 33160
$110,560,000
$325/SF
Building Size
339,589 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
An multifamily property located at 17101 North Bay Road in Sunny Isles Beach has been sold for a total of $110,560,000. The property consists of 308 units, with a price per unit of $358,961. The transaction took place on December 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $110,560,000
- Units: 308
- Price per Unit: $358,961
- Address: 17101 North Bay Road, Sunny Isles Beach
- Seller: Jamestown
- Buyer: Buff Management
- Brokers: Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota - Berkadia
Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota from Berkadia represented the buyer and seller in the transaction.
Players
Sunny Isles Beach 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93