Updated Oct 28, 2024
Russ Allen Preservation LLC Acquires Multifamily Property In Hialeah For $14M
1550 W 44th Pl, Hialeah, FL, USA
$14,000,000
$455/SF
Building Size
30,717 SF
Asset Type
MultiFamily
Closing
Aug 15, 2021
About this deal
AI
The multifamily property located at 1550 W 44th Pl in Hialeah has been sold for a price of $14,000,000. The property spans approximately 30,717 square feet, resulting in a price per square foot of $456.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Address: 1550 W 44th Pl
- Market: Hialeah
Russ Allen Preservation LLC has acquired the property from TC Russ Allen LLC. The transaction was completed on 08/16/2021.
The multifamily sale at 1550 W 44th Pl, Hialeah, FL, USA in Hialeah, Florida sold for $14M in 2021. The building is 30,717 square feet, implying about 455 per square foot on the published price. Named participants on the 1550 W 44th Pl, Hialeah, FL, USA sale are Russ Allen. This page is the Hialeah, Florida file for the 1550 W 44th Pl, Hialeah, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Hialeah sit in the Market section below. Filter that Hialeah multifamily set by closing date to see what else sold near 1550 W 44th Pl, Hialeah, FL, USA around 2021. Published consideration for 1550 W 44th Pl, Hialeah, FL, USA is $14M, dated 2021. Cite this Russ Allen Preservation LLC Acquires Multifamily Property In Hialeah For $14M sale when underwriting similar multifamily product around Hialeah, Florida.
Players
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93