SOLDMultiFamily
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
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.
Players
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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93