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1665 West 41st Street

Updated Dec 4, 2024

Jose Novo Acquires Hialeah Multifamily For $1.4M
SOLDMultiFamily

Jose Novo Acquires Hialeah Multifamily For $1.4M

1665 West 41st Street

$1,400,000

$240/SF

Building Size

5,818 SF

Asset Type

MultiFamily

Closing

Aug 7, 2023

About this deal

AI

The multifamily property located at 1665 West 41st Street in Hialeah has been sold for a price of $1,400,000. Spanning over 5,818 square feet, the property offers a price per square foot of $241. The transaction took place on 08/07/2023 and involved the buyer, Jose Novo, and the seller, Lazaro Alonzo.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Square Footage: 5,818
  • Price Per Square Foot: $241
  • Date: 08/07/2023
  • Address: 1665 West 41st Street, Hialeah

The deal was facilitated by Carlos Fausto Miranda and Felix Richard Ramirez from Fausto Commercial Realty Consultants, who acted as the brokers in the transaction.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

Hialeah MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $240 per square foot on a published $1.4M for 5,818 square feet (2023).

Visit Carlos Fausto Miranda to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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