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4325 NW S Tamiami Canal DrM...

The Pomerantz Family Acquires Miami MultiFamily For $20.1M
SOLDMultiFamily

The Pomerantz Family Acquires Miami MultiFamily For $20.1M

4325 NW S Tamiami Canal DrMiami, FL 33126, USA

$20,125,000

$266/SF

Building Size

75,556 SF

Asset Type

MultiFamily

Closing

Jun 16, 2023

AI

Two multifamily properties located at 4325 & 4335 NW South Tamiami Canal Drive in Miami have been sold in a recent transaction. The properties were sold for a total price of $20,125,000. The buyer in this transaction was The Pomerantz Family, while the seller was Javier Cervera. The deal was facilitated by two brokers, Joel Rodriguez from Global Investments Realty and Felipe Echarte from Marcus & Millichap.

Summary of transaction details:

  • Property Type: MultiFamily
  • Sale Price: $20,125,000
  • Units: 90
  • Price per Unit: $223,611
  • Square Footage: 75,556
  • Price per Square Foot: $266
  • Address: 4325 & 4335 NW South Tamiami Canal Drive, Miami

The Pomerantz Family acquired these two multifamily properties located in Miami at a price of $20,125,000. The properties consist of a total of 90 units with a price per unit of $223,611. The combined square footage of the properties is 75,556, resulting in a price per square foot of $266. The transaction was facilitated by Joel Rodriguez from Global Investments Realty and Felipe Echarte from Marcus & Millichap.

Players

Felipe Echarte

Marcus & Millichap

Broker

$334.9M

vol

44 deals

Broker

Pomerantz Family

Buyer

$71M

vol

5 deals

Buyer
Javier Cervera

Javier Cervera

Seller

$169.6M

vol

10 deals

Seller

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93