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
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