AMLI Residential Acquires Multifamily Property In Miami For $104.2M
180 Northeast 29th Street, Miami, Florida 33137, United States
$104,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 22, 2022
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.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93