Updated Aug 4, 2026
Lucas Ibrahim Purchases Multifamily Asset From Kevin Morales In Miami For $52 Million
301 Nw 22nd St
$52,000,000
$182/SF
Building Size
285,602 SF
Asset Type
MultiFamily
Closing
Apr 21, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 301 Nw 22nd St, Miami. It encompasses a total square footage of 285,602 and was sold for $52,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $52,000,000.00
- Address: 301 Nw 22nd St
- Market: Miami
- Asset Size (SF): 285,602
- Buyer: Lucas Ibrahim
- Seller: Kevin Morales
- Broker: Arthur Porosoff
The transaction was facilitated by broker Arthur Porosoff, representing the involved parties in the deal. Lucas Ibrahim acquired the property from seller Kevin Morales, marking a significant action in the Miami market.
Players
Miami 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93