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
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