Updated Dec 4, 2024
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
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93