Greenstone Property Group Acquires Multifamily Property In Miami Gardens For $78M
SOLD
$78,000,000
Florida
See Similar DealsMultiFamily
Sold 12/23/2020
SOLD
Greenstone Property Group Acquires Multifamily Property In Miami Gardens For $78M
2545 Northwest 207th Street, Miami Gardens, FL, USA
See Similar DealsMultiFamily
Sold 12/23/2020
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2545 Northwest 207th Street in Miami Gardens has been sold for a price of $78,000,000. The transaction took place on 12/23/2020. The property consists of 491 units, with a per unit price of $158,859. The buyer of the property was Greenstone Property Group, while the seller was Ytech - Yamal Yidios. The deal was facilitated by Newmark, acting as the broker.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $78,000,000
- Address: 2545 Northwest 207th Street, Miami Gardens
- Market: Miami Gardens
- Units: 491
- Price per Unit (PPU): $158,859
Ytech - Yamal Yidios, the seller of the property, entered into the deal with Greenstone Property Group as the buyer. The transaction was brokered by Newmark.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,159,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$277,117.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$369,759.79
Annual Debt Service$4,437,117.52
Is there something missing? Send suggestions