Brian Kim & John Prete Acquire Multifamily Property In Homestead, FL For $30.9M
25370 Southwest 137th Avenue, Homestead, Florida 33177, United States
$30,903,264
$1,333/SF
Building Size
23,184 SF
Asset Type
MultiFamily
Closing
Jan 11, 2022
AI
The multifamily property located at 25370 Sw 137th Ave in Homestead, FL has been sold in a transaction dated January 12, 2022. The property spans a total of 23,184 square feet and was sold for a total price of $30,903,264. This translates to a price per square foot of $1,332.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,903,264
- Address: 25370 Sw 137th Ave, Homestead, FL
- Market: Homestead, FL
The buyers in this transaction were Brian Kim and John Prete, while the seller was Jorge Lopez.
Players
Homestead 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93