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Alejandro Gershanik Acquires 10-Unit Multifamily In Hialeah For $2.6M

Property Image
SOLD
$2,605,000

Florida

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MultiFamily10,259 SF
Sold 12/07/2023
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Property Image
SOLD

Alejandro Gershanik Acquires 10-Unit Multifamily In Hialeah For $2.6M

1130 West 37th Street

See Similar Deals
MultiFamily10,259 SF
Sold 12/07/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$253
Total Square Footage:10,259 SF
Transaction Type:Sale

The asset involved in the transaction is a multifamily property located at 1130 West 37th Street in Hialeah. The sale was completed at a price of $2,605,000, with a total of 10 units available. The property spans an area of 10,259 square feet, resulting in a price per unit of $260,500 and a price per square foot of $254.

Summary of transaction details:

The individuals involved in the deal are Alejandro Gershanik, representing the buyer, BM2 Realty, and Tomas Cabrerizo, the seller. The transaction was facilitated by Joseph Thomas, who represented the seller through Marcus & Millichap, adding a layer of professionalism to the negotiation process.

Players

Joseph Thomas
53 deals$372.9M volume
BROKER

Alejandro Gershanik
BM2 Realty
34 deals$94.9M volume
BUYER

Tomas Cabrerizo
8 deals$259.4M volume
SELLER

Details

SOLD
IMAGE: Alejandro Gershanik & Joseph Thomas DATE: 12/07/2023 ADDRESS: 1130 West 37th Street MARKET: Hialeah ASSET TYPE: Multifamily BUYER: Alejandro Gershanik (@AleGershanik) - BM2 Realty (@BM2_Realty) SELLER: Tomas Cabrerizo SELLER'S REP: Joseph Thomas - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,605,000 UNITS: 10 ~ PPU: $260,500 SF: 10,259 ~ PPSF: $254

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,255.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,349.03
Annual Debt Service$148,188.35