Updated Oct 29, 2024
Greenstone Property Group Acquires Multifamily Property In Miami Gardens For $78M
2545 Northwest 207th Street, Miami Gardens, FL, USA
$78,000,000
Units
491
Asset Type
MultiFamily
Closing
Dec 22, 2020
About this deal
AI
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.
On the Map
$78,000,000
MultiFamily
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Miami Gardens 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93