Roberto Blanco & Robert A. Blanco Acquire Multifamily Property In Hialeah For $1.775M With George Jimenez As Buyer's Rep
SOLD
$1,775,000
Florida
See Similar DealsMultiFamily5,376 SF
Sold 06/11/2025
SOLD
Roberto Blanco & Robert A. Blanco Acquire Multifamily Property In Hialeah For $1.775M With George Jimenez As Buyer's Rep
125 West 28th Street
See Similar DealsMultiFamily5,376 SF
Sold 06/11/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:5,376 SF
Transaction Type:Sale
The asset involved in the transaction is a multifamily property located at 125 West 28th Street in Hialeah. The sale was completed for a total price of $1,775,000, comprising 8 units within a total square footage of 5,376, resulting in a per unit price of $221,875 and a price per square foot of $330.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Units: 8
- Square Footage: 5,376
- Price Per Unit: $221,875
- Price Per Square Foot: $330
- Buyer: Roberto Blanco & Robert A. Blanco
- Seller: Miguel Martinez
- Buyer's Representative: George Jimenez
- Date of Transaction: 06/11/2025
Roberto Blanco and Robert A. Blanco are the buyers of the multifamily asset, while Miguel Martinez is the seller. George Jimenez acted as the representative for the buyers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,306.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,414.41
Annual Debt Service$100,972.87
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