Birge & Held Acquires Multifamily Property In Miami Gardens For $91.5M
19279 Northwest 27th Avenue, Miami Gardens, FL 33056
$91,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 7, 2022
AI
A multifamily property located in Miami Gardens was recently sold for a staggering price of $91,500,000. The property, situated at 19279 NW 27th Ave, consists of 259 units. The purchase price per unit was $353,282, highlighting the high value of this transaction. The sale took place on January 7, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $91,500,000
- Address: 19279 NW 27th Ave, Miami Gardens
- Market: Miami Gardens
- Units: 259
- Price per Unit (PPU): $353,282
The buyer in this transaction is Birge & Held Asset Management, while the seller is the Latigo Group, represented by Mark Maron and Scott Whittaker. Their involvement signifies the significance of this deal and the expertise of the parties involved. This transaction reflects the strong demand and valuation of multifamily properties in the Miami Gardens market.
Players
Miami Gardens 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93