Updated Dec 4, 2024
Armando Bravo Sells Multifamily Property In Homestead For $10.5M
503 South Krome Avenue
$10,500,000
$21/SF
Building Size
479,000 SF
Asset Type
MultiFamily
Closing
Dec 21, 2023
About this deal
AI
Located at 503 South Krome Avenue in Homestead, this multifamily property was recently sold in a closed transaction. The property spans 479,000 square feet and was sold for a total price of $10,500,000, resulting in a price per square foot of $22.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Square Footage: 479,000
- Price per Square Foot: $22
The seller of this property is Armando Bravo, representing Bravo & Partners.
The multifamily sale at 503 South Krome Avenue in Homestead, Florida sold for $10.5M in 2023. The building is 479,000 square feet, implying about 21 per square foot on the published price. Named participants on the 503 South Krome Avenue sale are Armando Bravo. This page is the Homestead, Florida file for the 503 South Krome Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Homestead sit in the Market section below. Filter that Homestead multifamily set by closing date to see what else sold near 503 South Krome Avenue around 2023. Published consideration for 503 South Krome Avenue is $10.5M, dated 2023. Cite this Armando Bravo Sells Multifamily Property In Homestead For $10.5M sale when underwriting similar multifamily product around Homestead, Florida.
On the Map
$10,500,000
$21/SF
MultiFamily
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Players
Homestead 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93