Andrew J. Held Acquires 5& Family Property In Hialeah,FL For $55.1M
SOLD
$55,125,000
Florida
See Similar DealsMultiFamily44,975 SF
Sold 08/10/2022
SOLD
Andrew J. Held Acquires 5& Family Property In Hialeah,FL For $55.1M
17200 Northwest 64th Avenue, Hialeah, Florida 33015, United States
See Similar DealsMultiFamily44,975 SF
Sold 08/10/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,225
Total Square Footage:44,975 SF
Transaction Type:Sale
The property involved in this closed transaction is a 5+ Family asset located at 17200 NW 64th Ave in Hialeah, FL. The property spans approximately 44,975 square feet and was sold on August 10, 2022.
Summary of transaction details
- Property Type: 5+ Family
- Transaction Amount: $55,125,000
- Price per square foot: $1,225
- Market: Hialeah, FL
The buyer in this transaction is Andrew J. Held, while the seller is Drew Stepanek.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,940,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$195,847.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$261,320.62
Annual Debt Service$3,135,847.48
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