Updated Dec 19, 2023
Brian Kim & John Prete Acquire Multifamily Property In Homestead, FL For $13.9M
Palm Dr, Homestead, Florida 33035, United States
$13,943,658
$532/SF
Building Size
26,165 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
The multifamily property located at 601 E Palm Dr in Homestead, FL has been sold. The transaction took place on January 19, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,943,658
- Address: 601 E Palm Dr, Homestead, FL
- Market: Homestead, FL
- Square Footage: 26,165
- Price per Square Foot: $532
The buyers, Brian Kim and John Prete, have acquired the property from the seller, Leon J Wolfe.
The multifamily sale at Palm Dr, Homestead, Florida 33035, United States in Homestead, Florida sold for $13.9M in 2022. The building is 26,165 square feet, implying about 532 per square foot on the published price. Named participants on the Palm Dr, Homestead, Florida 33035, United States sale are Leon J Wolfe, Brian Kim, John Prete. This page is the Homestead, Florida file for the Palm Dr, Homestead, Florida 33035, United States 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 Palm Dr, Homestead, Florida 33035, United States around 2022. Published consideration for Palm Dr, Homestead, Florida 33035, United States is $13.9M, dated 2022. Cite this Brian Kim & John Prete Acquire Multifamily Property In Homestead, FL For $13.9M sale when underwriting similar multifamily product around Homestead, Florida.
On the Map
$13,943,658
$532/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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93