Westdale Twenty2 Acquires Multifamily Property In West Miami From The Estate Companies - Robert Suris, Jeffrey Ardizon & Tony Castro For $97M
2201 Ludlam Rd, Miami, FL, USA
$97,000,000
$229/SF
Building Size
423,104 SF
Asset Type
MultiFamily
Closing
Apr 14, 2021
AI
The multifamily property located at 2201 Ludlam Rd. in West Miami was recently sold in a closed transaction. This property, consisting of 338 units, was sold for a total price of $97,000,000. The sale price per unit was calculated to be approximately $286,982. The transaction took place on April 15, 2021 and involved the buyer Westdale Twenty2 and the seller The Estate Companies, represented by Robert Suris, Jeffrey Ardizon, and Tony Castro.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $97,000,000
- Address: 2201 Ludlam Rd.
- Market: West Miami
This successful sale was facilitated by the brokers Neyda Bravo and Lu Gonzo from Bravo & Partners.
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93