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1219 Sharazad Boulevard

Maykell Segui Acquires 38-Unit Multifamily In Opa-Locka For $5.8M
SOLDMultiFamily

Maykell Segui Acquires 38-Unit Multifamily In Opa-Locka For $5.8M

1219 Sharazad Boulevard

$5,800,000

$279/SF

Building Size

20,769 SF

Asset Type

MultiFamily

Closing

Sep 21, 2022

AI

A multifamily property located at 1219-1241 Sharazad Blvd in Opa-Locka has been sold for a price of $5,800,000. The property consists of 38 units, with each unit being sold at an average price of $152,632. The total square footage of the property is 20,769, with a price per square foot of $279.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,800,000
  • Address: 1219-1241 Sharazad Blvd, Opa-Locka
  • Market: Opa-Locka
  • Units: 38
  • Price Per Unit: $152,632
  • Total Square Footage: 20,769
  • Price Per Square Foot: $279

The buyer of the property is Maykell Segui, while the seller is Antonio Nadais. Representing the buyer in the deal is Daniel Lopez from United Dream Real Estate. On the seller's side, Nicholas McAndrew, Felipe Echarte, and Evan Kristol from The Kristol Group - Marcus & Millichap served as the seller's representatives.

Players

Evan Kristol

Marcus & Millichap

Broker

$416.7M

vol

60 deals

Broker

Opa Locka 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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93