Fabiola Albuquerque Of Hialeah7Town LLC Acquires Multifamily Property In Hialeah For $2.3M
324 West 74th Place
$2,300,000
$399/SF
Building Size
5,754 SF
Asset Type
MultiFamily
Closing
Nov 26, 2024
AI
The property involved in the transaction is a multifamily asset located at 324 West 74th Place in Hialeah. It has a sale price of $2,300,000 and consists of 7 units within a total square footage of 5,754. The property spans an area of 0.27 acres and was built in 1988.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 7
- Price Per Unit: $328,571
- Square Footage: 5,754
- Price Per Square Foot: $400
- Buyer: Fabiola Albuquerque - Hialeah7Town, LLC
- Seller: Prestige Companies
- Broker: Billy Planes - Re/Max 360
Notably, Hialeah7Town, LLC is the buyer of the property and was represented in this transaction by Fabiola Albuquerque. Prestige Companies, the seller, engaged the services of broker Billy Planes from Re/Max 360 to facilitate the deal.
Players
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93