Marcus & Millichap Brokers Facilitate $6.7M Sale Of Multifamily Property In Hialeah
1300 West 29th Street, Hialeah, Florida 33012, United States
$6,754,000
$275/SF
Building Size
24,492 SF
Asset Type
MultiFamily
Closing
Jun 23, 2022
AI
The multifamily property located at 1300 W 29th St in Hialeah has been sold in a recent transaction. The sale was facilitated by brokers Joseph Thomas, Adam Duncan, and Marisol Hernandez of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Date: 06/24/2022
- Address: 1300 W 29th St
- Market: Hialeah
- Buyer: Jose Daccarett
- Seller: David Lichter
- Brokers: Joseph Thomas , Adam Duncan & Marisol Hernandez - Marcus & Millichap
- Sale Price: $6,754,000
- Units: 44
- Price per Unit: $153,500
- Square Footage: 24,492
- Price per square foot: $276
The transaction involved buyers Jose Daccarett and seller David Lichter. The deal was represented by brokers Joseph Thomas, Adam Duncan, and Marisol Hernandez from Marcus & Millicap.
Players
Hialeah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93