Deepak Khosa Acquires 105-Unit Multifamily In Homestead For $11M
27707 South Dixie Highway, Homestead, FL 33032, USA
$11,000,000
$227/SF
Building Size
48,394 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
AI
A multifamily property located at 27707 South Dixie Highway in Homestead has been sold for $11,000,000. The property sits on 4.52 acres and consists of 105 units. The sale price per unit was $104,762. The transaction took place on 12/02/2021.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Address: 27707 South Dixie Highway, Homestead
- Market: Homestead
- Area: 4.52 acres
The buyer of the property is Deepak Khosa, represented by Atlantic Property Services. The seller is Victoria One Card Sound LP. The deal was facilitated by brokers Calum Weaver and Robert Given from Cushman & Wakefield.
Players
Homestead MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93