Updated Aug 24, 2026
Xavier Kim Acquires Multifamily Property At 177 Ne 50th St Miami For $6,900,000
177 Ne 50th St
$6,900,000
$427/SF
Building Size
16,140 SF
Asset Type
MultiFamily
Closing
Mar 12, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 177 Ne 50th St in the Miami market. It features a total square footage of 16,140 and was sold for a price of $6,900,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,900,000.00
- Address: 177 Ne 50th St
- Market: Miami
- Square Footage: 16,140
- Buyer: Xavier Kim
- Seller: Arthur Porosoff
- Broker: Arthur Porosoff
Key individuals in this transaction include Xavier Kim as the buyer and Arthur Porosoff as the seller, who also acted as the broker in the deal. This closed transaction highlights the involvement of these parties in the successful exchange of the property.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93