Marcus & Millichap Sells Hialeah Multifamily Property For $958.5K
390 E. 16th St,Hialeah,Florida
$958,500
Building Size
—
Asset Type
MultiFamily
Closing
Mar 21, 2023
AI
The multifamily property located at 390 E. 16th St in Hialeah has been sold for a total price of $958,500. The property spans an area of 0.16 acres and consists of 6 units. The price per unit comes out to be $159,750. The sale was facilitated by Nicholas McAndrew, Evan P. Kristol, and Felipe J. Echarte of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $958,500
- Address: 390 E. 16th St
- Market: Hialeah
- Acres: 0.16
- Brokers: Nicholas McAndrew, Evan P. Kristol, and Felipe J. Echarte - Marcus & Millichap
- Units: 6
- Price per Unit: $159,750
The deal involved the valuable expertise and representation of Nicholas McAndrew, Evan P. Kristol, and Felipe J. Echarte from Marcus & Millichap. Their involvement ensured a successful transaction for all parties involved.
Players
Hialeah 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
16.55%
Cash-on-Cash
-4.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93