Updated Oct 28, 2024
Prestige Companies Acquires 212-Unit Multifamily Property In Hialeah For $34.9M
240 W 76th St, Hialeah, FL, USA
$34,900,000
$4,388/SF
Building Size
7,953 SF
Asset Type
MultiFamily
Closing
Sep 7, 2021
About this deal
AI
Located at 240 W 76th St in Hialeah, this multifamily property spans over 5.17 acres and consists of 212 units. It was involved in a recent transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,900,000
- Loan Terms: 12-year
- Loan Lender: lument''>Lument - Marc Suarez
- Landlord: Prestige Companies - Alexander Ruiz
The loan for this transaction was provided by Lument, with Marc Suarez representing the lender. The landlord of the property is Prestige Companies, and Alexander Ruiz is their representative in the deal.
On the Map
$34,900,000
$4,388/SF
MultiFamily
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Players
Hialeah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93