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.
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