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19279 Northwest 27th Avenue...

Birge & Held Acquires Multifamily Property In Miami Gardens For $91.5M
SOLDMultiFamily

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

Scott Whittaker

Latigo Group

Seller

$627.4M

vol

9 deals

Seller

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