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2405 & 2621 Northwest 135th...

East Coast Properties & Commercial Real Estate Acquires MultiFamily In Miami For $20.1M
SOLDMultiFamily

East Coast Properties & Commercial Real Estate Acquires MultiFamily In Miami For $20.1M

2405 & 2621 Northwest 135th Street

$20,100,000

$203/SF

Building Size

98,820 SF

Asset Type

MultiFamily

Closing

Sep 18, 2023

AI

The multi-family property located at 2405 & 2621 Northwest 135th Street in Miami has been sold for a total price of $20,100,000. This property consists of 112 units, which translates to a price per unit of $179,464. The total square footage of the property is 98,820, resulting in a price per square foot of $203.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $20,100,000
  • Address: 2405 & 2621 Northwest 135th Street, Miami
  • Market: Miami
  • Units: 112
  • Price per Unit: $179,464
  • Square Footage: 98,820
  • Price per Square Foot: $203

In this transaction, the buyer's representatives were Miguelangel Salazar-Pesce and Azael Reyes from East Coast Properties & Commercial Real Estate. On the other hand, the seller's representatives were Carlos Fausto Miranda and Frank Campos from Fausto Commercial Realty Consultants.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93