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320 SW 11 Ave, Homestead, F...

Alejandro Gershanik Acquires Multifamily Property In Homestead From Alex Mantecon
SOLDMultiFamily

Alejandro Gershanik Acquires Multifamily Property In Homestead From Alex Mantecon

320 SW 11 Ave, Homestead, Florida 33030, United States

$4,166,667

Building Size

Asset Type

MultiFamily

Closing

Jun 19, 2022

AI

A multifamily property located at 320, 312, 280, 260, 250 & 240 SW 11 Avenue in Homestead has been sold. The transaction took place on 06/20/2022. The buyer of the property is Alejandro Gershanik, while the seller is Alex Mantecon. The deal was facilitated by Virgilio Fernandez from Colliers. The sale price of the property was $4,166,667. The property consists of 32 units, with a price per unit of $130,208.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,166,667
  • Address: 320, 312, 280, 260, 250 & 240 SW 11 Avenue, Homestead
  • Market: Homestead
  • Buyer: Alejandro Gershanik
  • Seller: Alex Mantecon
  • Broker: Virgilio Fernandez - Colliers
  • Units: 32
  • Price Per Unit: $130,208

If you are interested in discussing the current value of your property or exploring investment opportunities, feel free to contact Virgilio Fernandez at (305) 613-4507.

Players

Virgilio Fernandez

Cushman & Wakefield

Broker

$222.9M

vol

42 deals

Broker

Alex Mantecon

Seller

$16.2M

vol

2 deals

Seller

Homestead 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

3.81%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93