Updated Oct 28, 2024
Elan Capital Acquires Multifamily Property In Miami For $4.75M
2605 Northwest 135th Street, Miami, Florida 33167, United States
$4,750,000
$162/SF
Building Size
29,222 SF
Asset Type
MultiFamily
Closing
Sep 19, 2022
About this deal
AI
The multifamily property located at 2605/2561 NW 135 Street in Miami has been sold. The transaction took place on 09/20/2022. The property, owned by Jalal Abuimweis and represented by The King's Estates, was purchased by Elan Capital for a total sale price of $4,750,000. The multifamily asset comprises 38 units, resulting in a price per unit of $125,000. The total square footage of the property is 29,222, with a price per square foot of $163.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 2605/2561 NW 135 Street
- Market: Miami
- Seller: Jalal Abuimweis - The King's Estates
- Buyer: Elan Capital
- Units: 38
- Price per Unit: $125,000
- Square Footage: 29,222
- Price per Square Foot: $163
Jalal Abuimweis, represented by The King's Estates, sold the multifamily property to Elan Capital. This transaction highlights the involvement of key individuals and companies in the deal.
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jalal Abuimweis to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93