Hialeah Drive Retail LLC Acquires Condo At 411 Northwest 54th Street From Masoud Shojaee For $11.15M
411 Northwest 54th Street
$11,150,000
$1,068/SF
Building Size
10,440 SF
Asset Type
Condo
Closing
Aug 20, 2025
AI
Hialeah Drive Retail LLC acquired a condo at 411 Northwest 54th Street in Hialeah. The sale price was $11,150,000, corresponding to a square footage of 10,440 and a price per square foot of $1,068.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,150,000
- Buyer: Hialeah Drive Retail LLC
- Seller: Masoud Shojaee - Shoma Group
- Sale Date: August 20, 2025
- Market: Hialeah
- Square Footage: 10,440
- Price per Square Foot: $1,068
Masoud Shojaee represented Shoma Group in the transaction, facilitating the sale of the property to Hialeah Drive Retail LLC. The transaction reflects a move within the ongoing real estate dynamics of the Hialeah market.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93