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585 Northwest 51st Street, ...

Global Horizons Group Acquires Package Deal In Miami For $12.85M
SOLDOther

Global Horizons Group Acquires Package Deal In Miami For $12.85M

585 Northwest 51st Street, Miami, FL, USA

$12,850,000

$273/SF

Building Size

47,000 SF

Asset Type

Other

Closing

Jun 11, 2020

AI

A package deal consisting of 35 properties in Miami has been sold for $12,850,000. The properties include a mix of single-family homes and multi-family units, totaling approximately 47,000 square feet. The sale price per square foot is $273. The addresses of the properties involved in the transaction are as follows: 585 NW 51st St., 503 NW 47th St., 403 NW 49th St., 547 NW 49th St., 274 NW 43rd St., 541 NW 49th St., 260 NW 43rd St., 521 NW 49th St., 322 NW 41st St., 353 NE 57th St., 8327 NE 2nd Court, 4024 NW 5th Ave, 4921 NW 6th Ave, 570 NW 48th St. Unit A-B, 559 NW 43rd St., 321 NW 51st St., 421 NW 50th St., 94 NW 48th St., 4520 NW 3rd Ave, 530 NW 43rd St. Unit A-B, 84 NW 48th St., 501 NW 46th St., 112 NW 47th St., 586 NW 48t St., 231 NE 56th St., 229 NE 56th St., 4430 NW 1st Ave, 348 NE 58th St., 5091-5093 NW 2nd Ave, 509 NW 41st St. Unit A-B, 5611 NE 2nd Court, 223 NE 56th St., 225 NE 56th St., 237 NE 58th St., and 5010 NW 2nd Ave.

Summary of transation details

  • Property Type: Package Deal
  • Transaction Amount: $12,850,000
  • Buyer: Guy Goldberg & Shai Yitzhaki - Global Horizons Group (GHG)
  • Seller: Bowery Properties
  • Buyer's Representative: Luxe Capital Realty

Guy Goldberg and Shai Yitzhaki, representing Global Horizons Group (GHG), acquired the package deal from Bowery Properties. Luxe Capital Realty served as the buyer's representative in the transaction.

Players

Guy Goldberg

Buyer

$51.3M

vol

9 deals

Buyer
BP
Bowery PropertiesSeller

Miami Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93