SOLDMultiFamily
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
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.
Homestead MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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