Updated Sep 5, 2024
KSR Brokers Sell Miami Multifamily Asset For $50.1M
Hidden
$50,129,000
$419/SF
Building Size
119,560 SF
Asset Type
MultiFamily
Closing
Dec 26, 2022
About this deal
AI
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
- Property Type: Multifamily
- Transaction Amount: $50,129,000
- Market: Miami, FL
- Buyer: 🤫
- Seller: 🤫
- Brokers: Dan Shapiro, David Warren, and Laura Belocas - KSR
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.
On the Map
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93