Denis Garcia Acquires 20-Unit Multifamily In Hialeah For $5.4M
1750 Curtiss Dr
$5,400,000
$296/SF
Building Size
18,225 SF
Asset Type
MultiFamily
Closing
Oct 28, 2022
AI
The multifamily property located at 1750 Curtiss Dr in Hialeah has been sold in a recent transaction. The property consists of 20 units with a total square footage of 18,225. The asking price for the property was $5,500,000, and it was sold for $5,400,000. This translates to a price per unit of $270,000 and a price per square foot of $296.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Address: 1750 Curtiss Dr, Hialeah
- Market: Hialeah
- Units: 20
- Price per Unit: $270,000
- Square Footage: 18,225
- Price per Square Foot: $296
The buyer of the property is Denis Garcia, while Ruben Artiles is the seller. The transaction was facilitated by Andros Sarduy and Carlos Sotolongo from Synergy Realty Advisors, representing the buyer and the seller, respectively.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93