Updated May 19, 2026
RREEF Management Acquires Multifamily Property In Doral For $146.4M
Doral West Apartment Homes, 5400 Northwest 114th Avenue, Doral, FL, USA
$146,400,000
$274/SF
Building Size
533,489 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
About this deal
AI
A multifamily property located at 5400 Northwest 114th Avenue in Doral has been sold for a total price of $146,400,000. The transaction took place on 08/12/2021. The property spans across 22 acres and consists of 388 units, resulting in an average price per unit (PPU) of $377,320 and an average price per acre (PPA) of $6,654,545.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $146,400,000
- Date: 08/12/2021
- Address: 5400 Northwest 114th Avenue
- Market: Doral
- Units: 388
- PPU: $377,320
- Acres: 22
- PPA: $6,654,545
The property was purchased by RREEF Management, represented by W. Todd Henderson. The seller, Brookfield Asset Management, was represented by Brian Kingston and Bruce Flatt.
Players
Doral 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93