Rami Fakhoury Purchases Multifamily Asset In Miami From Alfredo Borges For $6,915,000
2010 Sw 25th Terrace
$6,915,000
$187/SF
Building Size
36,874 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
AI
The property involved in this transaction is a multifamily asset located at 2010 Sw 25th Terrace in the Miami market. The property encompasses 36,874 square feet and was sold for $6,915,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,915,000.00
- Address: 2010 Sw 25th Terrace
- Market: Miami
- Asset Size: 36,874 SF
- Buyer: Rami Fakhoury
- Seller: Alfredo Borges
- Broker Representatives: Arthur Porosoff, Javier Ubeda
The transaction saw Rami Fakhoury as the buyer and Alfredo Borges as the seller. The brokerage firms were represented by Arthur Porosoff and Javier Ubeda, facilitating the closing of this multifamily asset deal.
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
2.29%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93