Jose Novo Acquires Hialeah Multifamily For $1.4M
SOLD
Florida
See Similar DealsMultiFamily5,818 SF
Sold 08/07/2023
SOLD
Jose Novo Acquires Hialeah Multifamily For $1.4M
1665 West 41st Street
See Similar DealsMultiFamily5,818 SF
Sold 08/07/2023
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.
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Deal Type
30 years
10 years
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
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