facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

2500 Biscayne BLVD, Miami, ...

Respark Residential Acquires Greystone Property At 2500 Biscayne Blvd Miami For $67M
SOLDMultiFamily

Respark Residential Acquires Greystone Property At 2500 Biscayne Blvd Miami For $67M

2500 Biscayne BLVD, Miami, FL, 33137

$67,000,000

$198/SF

Building Size

337,120 SF

Asset Type

MultiFamily

Closing

Dec 3, 2021

AI

The property asset involved in this transaction is located at 2500 Biscayne Blvd, Miami, FL, 33137. The sale price for the property was $67,000,000.00, with a total square footage of 337,120. This property is situated in the Miami market.

Summary of transaction details:

  • Property Type: Closed Transaction
  • Transaction Amount: $67,000,000.00
  • Address: 2500 Biscayne Blvd, Miami, FL, 33137
  • Market: Miami
  • Seller: Greystone
  • Buyer: Respark Residential
  • Seller's Representative: Jose Mota & Jaret Turkell - Berkadia

This deal was facilitated by the representatives from Berkadia, specifically Jose Mota and Jaret Turkell, who represented the seller, Greystone. The buyer, Respark Residential, acquired the property as part of their investment portfolio strategy.

Players

Jaret Turkell

Berkadia

Broker

$3.2B

vol

49 deals

Broker
RR
Respark ResidentialBuyer

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93