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1310 West 29th Street

Jacob Serure Of SRE Commercial Group Brokers $20.85M Hialeah Multifamily Sale
SOLDMultiFamily

Jacob Serure Of SRE Commercial Group Brokers $20.85M Hialeah Multifamily Sale

1310 West 29th Street, 1330 West 29th Street & 1345 West 28th Street

$20,850,000

$102/SF

Building Size

203,964 SF

Asset Type

MultiFamily

Closing

May 9, 2024

AI

The multifamily property located at 1310, 1330 West 29th Street & 1345 West 28th Street in Hialeah was recently sold for $20,850,000. This property consists of 108 units with a price per unit of $193,056. The total square footage of the property is 67,988, resulting in a price per square foot of $307.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,850,000
  • Units: 108
  • Square Footage: 67,988
  • Price per Unit: $193,056
  • Price per Square Foot: $307
  • Address: 1310, 1330 West 29th Street & 1345 West 28th Street, Hialeah
  • Market: Hialeah

The sale of this multifamily property was facilitated by Jacob Serure from SRE Commercial Group. Jacob Serure represented the parties involved in this transaction, ensuring a successful deal for both the buyer and the seller.

Players

Jacob Serure

SRE Commercial Group

Broker

$84.3M

vol

8 deals

Broker

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93