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
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93