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KSR Brokers Sell Miami Multifamily Asset For $50.1M

Property Image
SOLD
$50,129,000

Florida

See Similar Deals
MultiFamily119,560 SF
Sold 12/26/2022
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Property Image
SOLD

KSR Brokers Sell Miami Multifamily Asset For $50.1M

Hidden

See Similar Deals
MultiFamily119,560 SF
Sold 12/26/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:119,560 SF
Transaction Type:Sale

Located in Miami, FL, a Class A multifamily asset has been sold off-market for a sale price of $50,129,000. The property spans across 119,560 square feet, resulting in a price per square foot of $419.

Summary of transaction details

Represented by Dan Shapiro, David Warren, and Laura Belocas from KSR, this off-market deal showcases the expertise and professionalism of the broker team. The successful transaction highlights their ability to secure deals for their clients, and potential investors are encouraged to reach out to KSR for any future opportunities.

Players

Dan Shapiro
11 deals$105.1M volume
BROKER

David Warren
Kassin Sabbagh Realty
27 deals$283.8M volume
BROKER

Laura Belocas
Kassin Sabbagh Realty
2 deals$50.1M volume
BROKER

Details

SOLD
IMAGE: David Warren, Dan Shapiro & Laura Belocas DATE: 12/26/2022 MARKET: Miami, FL ASSET TYPE: Multifamily BUYER: 🤫 SELLER: 🤫 BROKERS: Dan Shapiro (@DealJunkie__), David Warren (@DavidWarren1) & Laura Belocas - KSR (@Kassin_Sabbagh_Realty) SALE PRICE: $50,129,000 SF: 119,560 ~ PPSF: $419 NOTE FROM BROKER: Class A Asset was sold off-market. Please reach out to KSR for any additional future opportunities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,673,546.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$178,097.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,637.03
Annual Debt Service$2,851,644.42