Alejandro Gershanik Acquires 10-Unit Multifamily In Hialeah For $2.6M
1130 West 37th Street
$2,605,000
$253/SF
Building Size
10,259 SF
Asset Type
MultiFamily
Closing
Dec 7, 2023
AI
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:
- Property Type: Multifamily
- Transaction Amount: $2,605,000
- Address: 1130 West 37th Street
- Market: Hialeah
- Units: 10
- Price Per Unit: $260,500
- Square Footage: 10,259
- Price Per Square Foot: $254
- Buyer: Alejandro Gershanik - BM2 Realty
- Seller: Tomas Cabrerizo
- Seller's Representative: Joseph Thomas - Marcus & Millichap
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
Hialeah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.09%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93