Roberto Blanco & Robert A. Blanco Acquire Multifamily Property In Hialeah For $1.775M With George Jimenez As Buyer's Rep
125 West 28th Street
$1,775,000
$330/SF
Building Size
5,376 SF
Asset Type
MultiFamily
Closing
Jun 10, 2025
AI
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.
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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93