Updated Sep 9, 2024
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
About this deal
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.
On the Map
$20,100,000
$203/SF
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93