Updated Oct 28, 2024
JB Inc. Acquires Multifamily Property In Hialeah For $3.9M
115 East 9th Street, Hialeah, FL 33010
$3,915,000
$230,294/SF
Building Size
17 SF
Asset Type
MultiFamily
Closing
May 5, 2021
About this deal
AI
JB Inc. has purchased a multifamily property located at 115 East 9th Street in Hialeah. The property, known as Glady's Apartments, was sold for a total price of $3,915,000. The transaction took place on 05/06/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,915,000
- Address: 115 East 9th Street, Hialeah
The multifamily property consists of 26 units, with an average price per unit of $150,557. The total square footage of the property is 16,820, resulting in a price per square foot of $233.
The deal was facilitated by brokers Jonathan De La Rosa and Eddie Toledo, representing JB Inc. and Glady's Apartments, respectively.
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
4.05%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93