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983 East 26th Street

Matthew Baron Of Baron Property Group Secures $206M Loan For Development Site In Hialeah
FINANCEDDevelopment Site

Matthew Baron Of Baron Property Group Secures $206M Loan For Development Site In Hialeah

983 East 26th Street

$206,000,000

Building Size

Asset Type

Development Site

Closing

Mar 19, 2025

AI

The asset involved in the transaction is a development site located at 983 East 26th Street in Hialeah. The loan amount pertaining to this property is $206,000,000.00.

Summary of transaction details:

This transaction involves key individuals and companies, including Matthew Baron representing Baron Property Group as the landlord, and Ayush Kapahi who represents HKS Real Estate Advisors in the brokerage role. The financing for this development site was secured through Post Road Group as the lender.

Players

Ayush Kapahi

HKS Real Estate Advisors

Broker

$809.3M

vol

8 deals

Broker
Post Road Group
Post Road GroupLender

Hialeah Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93