facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

17200 Nw 64Th Ave, Hialeah,...

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

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

17200 Nw 64Th Ave, Hialeah, FL 33015

$55,130,000

Building Size

Asset Type

MultiFamily

Closing

Aug 10, 2022

AI

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

Andrew J. Held

Buyer

$110.3M

vol

2 deals

Buyer

Terry Fancher

Stockbridge

Seller

$1.8B

vol

19 deals

Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93