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1750 Curtiss Dr

Denis Garcia Acquires 20-Unit Multifamily In Hialeah For $5.4M
SOLDMultiFamily

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

Andros Sarduy

Synergy Realty Advisors

Broker

$79.6M

vol

17 deals

Broker

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