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1130 West 37th Street

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

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:

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

Marcus & Millichap

Broker

$381.5M

vol

55 deals

Broker
Alejandro Gershanik

Alejandro Gershanik

BM2 Realty

Buyer

$118.4M

vol

39 deals

Buyer
Tomas Cabrerizo

Tomas Cabrerizo

Seller

$259.4M

vol

8 deals

Seller

Hialeah MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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