Updated Feb 5, 2025
AMLI Residential Acquires Multifamily Property In Miami For $104.2M
180 Northeast 29th Street, Miami, Florida 33137, United States
$104,200,000
Units
309
Asset Type
MultiFamily
Closing
Feb 22, 2022
About this deal
AI
The multifamily property located at 180 Northeast 29th Street in Miami was recently sold for a total sale price of $104,200,000. The transaction took place on 02/23/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $104,200,000
- Market: Miami
- Asset Type: Multifamily
- Acres: 1.7
The buyer in this transaction was AMLI Residential, represented by Gregory Mutz. The seller was Mesirow Financial & Morgan Group. The property consists of 309 units, with a price per unit of $337,217.
The multifamily sale at 180 Northeast 29th Street, Miami, Florida 33137, United States in Miami, Florida sold for $104.2M in 2022. Reported inventory is 309 units across 309 units. Named participants on the 180 Northeast 29th Street, Miami, Florida 33137, United States sale are Greg Mutz. This page is the Miami, Florida file for the 180 Northeast 29th Street, Miami, Florida 33137, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami sit in the Market section below. Filter that Miami multifamily set by closing date to see what else sold near 180 Northeast 29th Street, Miami, Florida 33137, United States around 2022. Published consideration for 180 Northeast 29th Street, Miami, Florida 33137, United States is $104.2M, dated 2022. Cite this AMLI Residential Acquires Multifamily Property In Miami For $104.2M sale when underwriting similar multifamily product around Miami, Florida.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
About $337.2K per unit across 309 units on a published $104.2M (2022).
Visit Greg Mutz to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93