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
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