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Armando Bravo Sells Multifamily Property In Homestead For $10.5M

Property Image
SOLD
$10,500,000

Florida

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MultiFamily479,000 SF
Sold 12/21/2023
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Property Image
SOLD

Armando Bravo Sells Multifamily Property In Homestead For $10.5M

503 South Krome Avenue

See Similar Deals
MultiFamily479,000 SF
Sold 12/21/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$21
Total Square Footage:479,000 SF
Transaction Type:Sale

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.

Players

AB
Armando Bravo
7 deals$27.7M volume
SELLER

Details

SOLD
IMAGE: Armando Bravo DATE: 12/21/2023 ADDRESS: 503 South Krome Avenue MARKET: Homestead ASSET TYPE: Multifamily SELLER: Armando Bravo - Bravo & Partners (@BravoandPartners) SALE PRICE: $10,500,000 SF: 479,000 ~ PPSF: $22

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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