Updated Dec 19, 2023
Ibrahim Remedios Acquires Multifamily Property In Hialeah For $1.9M
1735 West 41st Street, Hialeah, FL, USA
$1,900,000
$158/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
May 21, 2020
About this deal
AI
An multifamily property located at 1735 & 1739 W 41 Street in Hialeah has been sold for $1,900,000. The property consists of 12 units with a total square footage of 12,000. The sale price per unit was $158,333 and the price per square foot was $158. The transaction took place on 05/21/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 1735 & 1739 W 41 Street, Hialeah
- Market: Hialeah
The buyer of the property was Ibrahim Remedios, while Gloria Alamo acted as the seller. The deal was facilitated by brokers Virgilio Fernandez, Mitash Kripalani, Julian Zuniga, and Gerard Yetming.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93