Yoram Izhak Of IMC Equity Group Purchases Mixed-Use Property From Masoud Shojaee For $80.9M
429 Northwest 54th Street
$80,900,000
$179/SF
Building Size
451,817 SF
Asset Type
Mixed-use
Closing
Mar 18, 2025
About this deal
AI
This mixed-use property, located at 429 Northwest 54th Street in Hialeah, was sold for $80,900,000.00. The asset comprises 304 units with a total square footage of 451,817.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $80,900,000.00
- Buyer: Yoram Izhak - IMC Equity Group
- Seller: Masoud Shojaee - Shoma Group
- Units: 304
- Square Footage: 451,817.0
- Date of Transaction: 03/18/2025
- Market: Hialeah
Yoram Izhak represents IMC Equity Group in this transaction, while Masoud Shojaee represents Shoma Group. Both individuals played key roles in facilitating the sale of the property.
Players
Hialeah Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93