Marcus & Millichap Sells Miami Silver Bluff Underline Apartments For $9.925M
2285 Southwest 27th Street
$9,925,000
$397/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Jun 14, 2024
AI
The 28-unit Silver Bluff Underline apartment building in Miami was sold for $9.925 million. This newly-built property boasts modern units with private balconies and ample parking, located near Brickell.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,925,000
- Units: 28
- Price Per Unit: $354,464
- Square Footage: 25,000
- Price Per Square Foot: $397
- Address: 2285 Southwest 27th Street, Miami
- Market: Miami
- Brokers: Alex Zylberglait & Michael Crocchiola - Marcus & Millichap
Alex Zylberglait and Michael Crocchiola from Marcus & Millichap were the brokers who facilitated the sale of the Silver Bluff Underline apartment building in Miami.
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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93