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:
- Property Type: Multifamily
- Transaction Amount: $2,045,000
- Units: 10
- Price Per Unit: $204,500
- Square Footage: 6,890
- Price Per Square Foot: $296
- Buyer: Alejandro Gershanik
- Seller: Hugo Llampallas
- Buyer’s Representative: Alejandro Gershanik - BM2 Realty
- Seller’s Representative: Alexis Lizama - Coldwell Banker
- Date of Transaction: 01/08/2025
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
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