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Hialeah Drive Retail LLC Acquires Condo At 411 Northwest 54th Street From Masoud Shojaee For $11.15M
SOLD
$11,150,000
Florida
See Similar DealsCondo10,440 SF
Sold 08/20/2025
SOLD
Hialeah Drive Retail LLC Acquires Condo At 411 Northwest 54th Street From Masoud Shojaee For $11.15M
411 Northwest 54th Street
See Similar DealsCondo10,440 SF
Sold 08/20/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,068
Total Square Footage:10,440 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$594,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,613.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,856.69
Annual Debt Service$634,280.26
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