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

Property Image
SOLD
$20,850,000

Florida

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MultiFamily203,964 SF
Sold 05/09/2024
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily203,964 SF
Sold 05/09/2024
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$102
Total Square Footage:203,964 SF
Transaction Type:Sale

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
8 deals$84.3M volume
BROKER

Details

SOLD
IMAGE: Jacob Serure DATE: 05/09/2024 ADDRESS: 1310, 1330 West 29th Street &1345 West 28th Street MARKET: Hialeah ASSET TYPE: Multifamily BROKER: Jacob Serure - SRE Commercial Group SALE PRICE: $20,850,000 UNITS: 108 ~ PPU: $193,056 SF: 67,988 ~ PPSF: $307

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,111,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,075.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$98,839.64
Annual Debt Service$1,186,075.65