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:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Units: 22
- Square Feet: 5,817
- Price Per Unit: $111,364
- Price Per Square Foot: $421
- Buyer: Alejandro Gershanik
- Seller: Piero Pezzia
- Broker: Sam Mekras - MSP Group LLC
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
Homestead 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93