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419 Southwest 2nd Avenue

Alejandro Gershanik Acquires Multifamily Property In Homestead For $2.45M With Sam Mekras - MSP Group LLC
SOLDMultiFamily

Alejandro Gershanik Acquires Multifamily Property In Homestead For $2.45M With Sam Mekras - MSP Group LLC

419 Southwest 2nd Avenue

$2,450,000

$421/SF

Building Size

5,817 SF

Asset Type

MultiFamily

Closing

Sep 6, 2022

AI

The asset involved in this transaction is a multifamily property located at 419 SW 2nd Ave in Homestead. The transaction was finalized at a sale price of $2,450,000, consisting of 22 units. The total square footage of the property is 5,817, resulting in a price per unit of $111,364 and a price per square foot of $421.

Summary of transaction details:

The deal features Alejandro Gershanik as the buyer, acquiring the property from seller Piero Pezzia. Sam Mekras of MSP Group LLC represented the broker in this transaction, facilitating the sale between the buyer and seller.

Players

Sam Mekras

MSP Group

Broker

$101.8M

vol

33 deals

Broker
Alejandro Gershanik

Alejandro Gershanik

BM2 Realty

Buyer

$94.9M

vol

34 deals

Buyer

Piero Pezzia

Seller

$10.4M

vol

3 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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93