Updated May 15, 2026
Matthew Jeffries Of El-Ad National Properties Acquires Multifamily Property In Coconut Grove For $45.5M
3265 Virginia Street
$45,500,000
Units
25
Asset Type
MultiFamily
Closing
May 15, 2026
About this deal
AI
The asset involved in this transaction is a 25-unit multifamily residential property located at 3265 Virginia Street in Coconut Grove, FL. The property was sold for $45.5 million, which translates to a price per unit of $1,820,000. This acquisition marks a significant investment in the Miami market by El-Ad National Properties.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $45,500,000
- Buyer: Matthew Jeffries - El-Ad National Properties
- Seller: WNG Miami LLC
- Broker: Omar Morales - Berkadia
- Units: 25
- PPU: $1,820,000
This transaction highlights the involvement of key players, including Matthew Jeffries, who represents El-Ad National Properties, and Omar Morales, who acted on behalf of the seller, WNG Miami LLC, in facilitating this deal within the Miami real estate market.
On the Map
$45,500,000
MultiFamily
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Players
Market 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93