GID Real Estate Investments Acquires Multifamily Asset In Doral For $149.8M
8425 Northwest 41st Street, Doral, Florida 33166, United States
$149,830,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 29, 2022
AI
Located at 8425 NW 41st St in the vibrant market of Doral, this multifamily property has recently changed hands in a closed transaction. The property, consisting of 385 units, offers a desirable and lucrative investment opportunity in the thriving real estate market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $149,830,000
- Address: 8425 NW 41st St, Doral
- Market: Doral
GID Real Estate Investments, represented by Gregory Bates and W. Gardner Wallace, acquired the property from Greystar, with Bob Faith acting as their representative. This significant transaction underscores the confidence and belief in the potential of this multifamily asset in Doral's real estate market.
Players
Miami Springs 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93