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893 Northeast 81st Street

JC Ramey Of Ronin Holdings LLC Acquires Multifamily Property In Miami For $1.875M
SOLDMultiFamily

JC Ramey Of Ronin Holdings LLC Acquires Multifamily Property In Miami For $1.875M

893 Northeast 81st Street

$1,875,000

$283/SF

Building Size

6,614 SF

Asset Type

MultiFamily

Closing

Mar 30, 2026

AI

This boutique multifamily property, located at 893 Northeast 81st Street in Miami, was sold for $1,875,000. The asset comprises a total area of 6,614 square feet, which translates to a price per square foot of $283. The property is situated in the Shorecrest neighborhood, a sought-after area in the Miami market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,875,000
  • Buyer: JC Ramey - Ronin Holdings LLC
  • Seller: Jason Vanterpool
  • Broker: Adriano Salucci - APEX Capital Realty
  • Sale Date: 03/31/2026
  • Insured by: Apex Capital Insurance

JC Ramey represented Ronin Holdings LLC in acquiring the property through a 1031 exchange investment, aiming to add it as a long-term income-producing asset. Adriano Salucci of APEX Capital Realty represented both the buyer and the seller, facilitating a five-month transaction process that highlights the firm's market expertise and strong client relationships.

Players

Adriano Salucci

APEX Capital Realty

Broker

$121.6M

vol

29 deals

Broker

Miami 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

8.46%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93