Updated Dec 2, 2024
Ivanhoé Cambridge Acquires Multifamily Asset In Little Havana, Miami For $104.9M
1900 Southwest 8th Street, Little Havana, Miami, FL, USA
$104,900,000
$199/SF
Building Size
525,786 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
An multifamily property located at 1900 Southwest Eighth Street in Little Havana, Miami has been sold for a total price of $104,900,000. The property spans a total area of 525,786 square feet, resulting in a price per square foot of $200.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $104,900,000
- Market: Little Havana, Miami
The buyer of this property is Ivanhoé Cambridge, while the seller is Greystar, represented by Bob Faith.
The multifamily sale at 1900 Southwest 8th Street, Little Havana, Miami, FL, USA in Miami, Florida sold for $104.9M in 2021. The building is 525,786 square feet, implying about 199 per square foot on the published price. Named participants on the 1900 Southwest 8th Street, Little Havana, Miami, FL, USA sale are Bob Faith. This page is the Miami, Florida file for the 1900 Southwest 8th Street, Little Havana, Miami, FL, USA 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 1900 Southwest 8th Street, Little Havana, Miami, FL, USA around 2021. Published consideration for 1900 Southwest 8th Street, Little Havana, Miami, FL, USA is $104.9M, dated 2021. Cite this Ivanhoé Cambridge Acquires Multifamily Asset In Little Havana, Miami For $104.9M sale when underwriting similar multifamily product around Miami, Florida.
On the Map
$104,900,000
$199/SF
MultiFamily
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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