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2162 Southwest 14th Terrace...

Lurra Capital Acquires Multifamily Property In Shenandoah, Miami For $6.4M
SOLDMultiFamily

Lurra Capital Acquires Multifamily Property In Shenandoah, Miami For $6.4M

2162 Southwest 14th Terrace, Miami, FL, USA

$6,400,000

$336/SF

Building Size

19,000 SF

Asset Type

MultiFamily

Closing

Oct 25, 2021

AI

The multifamily property located at 2162 SW 14th Terrace in Shenandoah, Miami has been sold. The transaction took place on October 26, 2021. The property, consisting of 24 units, spans a total area of 19,000 square feet.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $6,400,000
  • Asking Price: $6,500,000
  • Price per Unit: $266,667
  • Price per Square Foot: $337
  • Buyer: Lurra Capital
  • Seller: AB Asset Management - Getzy Fellig & Sam Zalmanov
  • Broker: Calum Weaver - Cushman & Wakefield

The selling price of the property was $6,400,000, slightly lower than the initial asking price of $6,500,000. Lurra Capital successfully acquired the property from AB Asset Management, with representation from Getzy Fellig & Sam Zalmanov. The transaction was facilitated by Calum Weaver from Cushman & Wakefield.

Players

Calum Weaver

CBRE

Broker

$621.2M

vol

30 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Getzy Fellig

AB Asset Management

Seller

$43.3M

vol

3 deals

Seller

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

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93