Rami Fakhoury Sells Multifamily Asset In Miami For $8.1 Million Represented By Marcus & Millichap
2010 Southwest 25th Terrace
$8,100,000
$242/SF
Building Size
33,424 SF
Asset Type
MultiFamily
Closing
Mar 31, 2025
AI
The multifamily property located at 2010 Southwest 25th Terrace in Miami has been sold for $8,100,000. This asset consists of 18 units and has a total square footage of 33,424, resulting in a price per unit of $450,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Units: 18
- Price Per Unit: $450,000
- Square Feet: 33,424
- Seller: Rami Fakhoury
- Brokers: Joseph Thomas, Adam Marcuvitz & Alec Demetriou - Marcus & Millichap
This transaction involved key representatives from Marcus & Millichap, specifically Joseph Thomas, Adam Marcuvitz, and Alec Demetriou, who facilitated the sale on behalf of the seller Rami Fakhoury.
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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93