Lynd Acquires Miami Multifamily Property For $40.08M
17600 Northwest 5th Avenue, Miami, FL 33169, USA
$40,080,000
$209/SF
Building Size
191,138 SF
Asset Type
MultiFamily
Closing
Jun 8, 2020
AI
The multifamily property located at 17600 NW 5th Ave in Miami has been sold for $40,080,000. The transaction took place on June 8, 2021. With a total of 234 units, the price per unit comes to $171,282. Constantine Scurtis and A. David Lynd represented the buyer, LYND, in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,080,000
- Units: 234
- Price Per Unit: $171,282
Constantine Scurtis and A. David Lynd acted as the representatives of LYND in this transaction.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93