Updated Nov 28, 2024
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
About this deal
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.
On the Map
$100,000,000
$428/SF
MultiFamily
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Players
Doral 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93