Jesus Freiria Of Luxor Hialeah 47 Street LLC Acquires Land In Hialeah For $950,000
410 East 47th Street
$950,000
$56/SF
Building Size
16,747 SF
Asset Type
Land
Closing
Jan 29, 2025
AI
The transaction involved the sale of commercial land located at 410 East 47th Street & 4655 East 4th Avenue in Hialeah. The sale price was $950,000 for a total of 16,747 square feet, equating to approximately $57 per square foot.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $950,000
- Buyer: Jesus Freiria - Luxor Hialeah 47 Street, LLC
- Seller: Nitza Diaz Garcia - Garcia Garcia Associates Bldg LLC
- Brokers: Moises Figueroa & Tony Saladrigas - Fausto Commercial Realty Consultants
- Financing: $475,000 from Centennial Bank
Jesus Freiria, operating under Luxor Developers, acquired the land from an entity associated with Nitza Diaz Garcia. This transaction signifies a strategic investment in the commercial property market in Hialeah, associated with the longstanding involvement of both the buyer and seller in real estate services.
Players
Hialeah Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93