facebook
Traded Co logo
Submit

Jose Novo Acquires Hialeah Multifamily For $1.4M

Property Image
SOLD
$1,400,000

Florida

See Similar Deals
MultiFamily5,818 SF
Sold 08/07/2023
the dealplayerscompscontact
Property Image
SOLD

Jose Novo Acquires Hialeah Multifamily For $1.4M

1665 West 41st Street

See Similar Deals
MultiFamily5,818 SF
Sold 08/07/2023
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$240
Total Square Footage:5,818 SF
Transaction Type:Sale

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
54 deals$239.3M volume(305) 431-2258
BROKER

Felix Richard Ramirez
Fausto Commercial Realty Consultants
2 deals$2.4M volume(786) 246-5544
BROKER

Details

SOLD
IMAGE: Felix Richard Ramirez & Carlos Fausto Miranda DATE: 08/07/2023 ADDRESS: 1665 West 41st Street MARKET: Hialeah ASSET TYPE: Multifamily BUYER: Jose Novo SELLER: Lazaro Alonzo BROKERS: Carlos Fausto Miranda & Felix Richard Ramirez (@FelixRichardRamirez) - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $1,400,000 SF: 5,818 ~ PPSF: $241

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57