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2275 Northwest 23rd Street

Alejandro Gershanik Acquires Multifamily Asset In Miami From Hugo Llampallas For $2.045M
SOLDMultiFamily

Alejandro Gershanik Acquires Multifamily Asset In Miami From Hugo Llampallas For $2.045M

2275 Northwest 23rd Street

$2,045,000

$296/SF

Building Size

6,890 SF

Asset Type

MultiFamily

Closing

Jan 8, 2025

AI

The property asset involved in this transaction is a multifamily building located at 2275 Northwest 23rd Street in the Miami market. The sale price was $2,045,000 for a total of 10 units, with a price per unit of $204,500. The building encompasses a square footage of 6,890, equating to a price per square foot of $296.

Summary of transaction details:

The deal features key individuals including buyer Alejandro Gershanik, who is also representing himself in the transaction through BM2 Realty. The seller, Hugo Llampallas, is represented by Alexis Lizama from Coldwell Banker, marking a collaboration between these professionals in the Miami real estate market.

Players

Alejandro Gershanik

BM2 Realty

Broker

$94.9M

vol

34 deals

Broker

Miami 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

7.76%

Cash-on-Cash

-2.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93