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1895 Sw 22nd St

Victor Gil Purchases MultiFamily Asset In Shenandoah From Arthur Porosoff For $5,750,000
SOLDMultiFamily

Victor Gil Purchases MultiFamily Asset In Shenandoah From Arthur Porosoff For $5,750,000

1895 Sw 22nd St

$5,750,000

$352/SF

Building Size

16,314 SF

Asset Type

MultiFamily

Closing

Aug 19, 2022

AI

A multi-family property was sold located at 1895 Sw 22nd St in the Shenandoah market. The asset encompasses 16,314 square feet and the transaction was completed for a total price of $5,750,000.00.

Summary of transaction details:

The sale involved Victor Gil as the buyer and Arthur Porosoff as the seller. The brokers representing the transaction were Arthur Porosoff, Javier Ubeda, and David Cohen from Horvath & Tremblay, showcasing a collaborative effort by the brokerage team in facilitating this deal.

Players

David Cohen

Horvath & Tremblay

Broker

$67.3M

vol

10 deals

Broker

Victor Gil

Buyer
Buyer

Arthur Porosoff

Seller
Seller

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93