Updated Feb 5, 2025
Avalon Bay Communities Acquires Miramar Multifamily For $133M
4300 Southwest 113th Street, Miami, FL, USA
$133,000,000
$98,155/SF
Building Size
1,355 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
A multifamily property located at 4300 SW 113th St in Miramar, Florida, has been sold for a total price of $133,000,000. The property consists of 380 units, resulting in a per unit price of $350,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $133,000,000
- Units: 380
- Price per Unit: $350,000
The buyer of the property is Avalon Bay Communities, while the sellers are ANSCA and JMG Realty. The deal was facilitated by brokers Roberto Pesant, Jaret Turkell, Omar Morales, and Jose Mota, all from Berkadia.
Players
Pinecrest 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93