Updated Sep 30, 2025
RREEF Management Acquires Pembroke Pines Multifamily From Brookfield Property Group For $121.3M
250 Northwest 130th Avenue, Miami, FL 33182, USA
$121,300,000
$89,454/SF
Building Size
1,356 SF
Asset Type
MultiFamily
Closing
Aug 5, 2020
About this deal
AI
The multifamily property located at 250 Northwest 130th Avenue in Pembroke Pines has been sold for a total of $121,300,000. The property consists of 368 units, with a price per unit of $329,619. The transaction also includes approximately 21 acres of land, valued at $5,776,190 per acre.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $121,300,000
- Units: 368
- Price Per Unit: $329,619
- Acres: 21
- Price Per Acre: $5,776,190
RREEF Management has acquired the property from Brookfield Property Group, represented by Brian Kingston and Bruce Flatt.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93