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47 West 7th Street, Hialeah...

Paul Hassebroek Acquires Multifamily Property In Hialeah For $5.1M
SOLDMultiFamily

Paul Hassebroek Acquires Multifamily Property In Hialeah For $5.1M

47 West 7th Street, Hialeah, Florida 33010, United States

$5,100,000

$346/SF

Building Size

14,708 SF

Asset Type

MultiFamily

Closing

Jun 13, 2022

AI

A multifamily property located at 47-55 W 7th St, in Hialeah, Florida, has been sold for $5,100,000. The property consists of twenty-four apartments, with a total square footage of 14,708. The sale price per unit was $212,500, and the price per square foot was $347.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,100,000
  • Address: 47-55 W 7th St, Hialeah, Florida
  • Market: Hialeah

Paul Hassebroek purchased the property from Frank Perez. The buyer and seller were represented by Janet Crucet and Kristine Flook from Urbanize Properties, a Miami-based boutique real estate firm specializing in multifamily and other commercial assets.

Janet Crucet and Kristine Flook of Urbanize Properties facilitated this off-market transaction, which included the sale of sixteen two-bedroom apartments and eight one-bedroom apartments. For more on and off-market opportunities, interested parties can contact Kristine at (305) 318-6366.

Players

Janet Crucet

Urbanize Properties

Broker

$97.2M

vol

15 deals

Broker

Paul Hassebroek

Buyer

$16.1M

vol

2 deals

Buyer

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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93