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125 West 28th Street

Roberto Blanco & Robert A. Blanco Acquire Multifamily Property In Hialeah For $1.775M With George Jimenez As Buyer's Rep
SOLDMultiFamily

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

George Jimenez

Broker

$20.3M

vol

7 deals

Broker
N
N/ABuyer

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