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.
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