Updated Dec 21, 2023
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
About this deal
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.
On the Map
$30,903,264
$1,333/SF
MultiFamily
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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