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3555 Northwest 83rd Avenue,...

Harbor Group International Acquires Multifamily Property In Doral For $100M
SOLDMultiFamily

Harbor Group International Acquires Multifamily Property In Doral For $100M

3555 Northwest 83rd Avenue, Doral, FL 33122, USA

$100,000,000

$428/SF

Building Size

233,552 SF

Asset Type

MultiFamily

Closing

Mar 30, 2020

AI

The multifamily property located at 3555 NW 83rd Ave in Doral has been sold for a price of $100,000,000. The property consists of 303 units, with an average price per unit of $330,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $100,000,000
  • Address: 3555 NW 83rd Ave
  • Market: Doral
  • Units: 303
  • Price Per Unit: $330,000

The buyer of this property is Harbor Group International, while the sellers include The Related Group, Shoma Group, and PGIM Real Estate Investors. The transaction was facilitated by Chris Conklin from Walker & Dunlop.

Players

Chris Conklin

Broker

$1.1B

vol

9 deals

Broker
Harbor Group International
Harbor Group InternationalBuyer
PGIM
PGIM Seller
PGIM
PGIM Lender

Doral 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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93