Updated Sep 9, 2024
Denis Garcia Acquires 8-Unit Multifamily In Hialeah For $1.56M
135 West 28th Street, Hialeah, Florida 33010, United States
$1,560,000
$290/SF
Building Size
5,376 SF
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
AI
A multifamily property located at 135 W 28th St in Hialeah has been sold. The property consists of 8 units with a total square footage of 5,376. The asking price for the property was $1,900,000, and it was sold for $1,560,000. This translates to a price per unit of $195,000 and a price per square foot of $290.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,560,000
- Address: 135 W 28th St, Hialeah
- Market: Hialeah
- Units: 8
- Price per Unit: $195,000
- Square Footage: 5,376
- Price per Square Foot: $290
The buyer in this transaction is Denis Garcia, while the seller is Charles Tumely. Andros Sarduy from Synergy Realty Advisors LLC represented both parties as the broker in the deal.
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
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93