facebook
Traded Co logo
Submit

Birge & Held Acquires Multifamily Property In Hialeah For $55.1M

Property Image
SOLD
$55,130,000
AH
Terry Fancher
SR
+ 1

Florida

See Similar Deals
MultiFamily
Sold 08/11/2022
the dealplayerscompscontact
Property Image
SOLD

Birge & Held Acquires Multifamily Property In Hialeah For $55.1M

17200 Nw 64Th Ave, Hialeah, FL 33015

See Similar Deals
MultiFamily
Sold 08/11/2022
AH
Terry Fancher
SR
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

An multifamily property located at 17200 Northwest 64th Avenue in Hialeah has been sold for a total of $55,130,000. The property consists of 175 units, with an average price per unit of $315,029. The sale took place on August 11, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $55,130,000
  • Address: 17200 Northwest 64th Avenue
  • Market: Hialeah

Taggart Birge and Andrew Held of Birge & Held represented the buyer in the transaction, while Terry Fancher and Sol Raso of Stockbridge Capital Group represented the seller.

Players

AH
Andrew J. Held
2 deals$110.3M volume
BUYER
AH
Andrew J. Held
2 deals$110.3M volume
BUYER
TB
Taggart Birge
2 deals$59.6M volume
BUYER
TB
Taggart Birge
2 deals$59.6M volume
BUYER
Terry Fancher
Stockbridge
Terry Fancher
18 deals$1.1B volume
SELLER
SR
Stockbridge
Sol Raso
4 deals$191.5M volume
SELLER

Details

SOLD
IMAGE: Terry Fancher, Sol Raso, Taggart Birge & Andrew Held DATE: 08/11/2022 ADDRESS: 17200 Northwest 64th Avenue MARKET: Hialeah ASSET TYPE: Multifamily BUYER: Birge & Held (@BirgeandHeld) - Taggart Birge & Andrew Held SELLER: Stockbridge Capital Group - Terry Fancher & Sol Raso SALE PRICE: $55,130,000 UNITS: 175 ~ PPU: $315,029

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)

$2,940,266.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$195,865.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$261,344.33
Annual Debt Service$3,136,131.91