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47 West 7th Street

Roberto Blanco & Robert A. Blanco Acquire Multifamily Property In Hialeah For $5.65M
SOLDMultiFamily

Roberto Blanco & Robert A. Blanco Acquire Multifamily Property In Hialeah For $5.65M

47 West 7th Street & 55 West 7th Street

$5,650,000

$323/SF

Building Size

17,450 SF

Asset Type

MultiFamily

Closing

Aug 10, 2025

AI

The property asset involved in this transaction is a multifamily complex located at 47 West 7th Street & 55 West 7th Street in Hialeah. The sale price for the property is $5,650,000, encompassing a total of 24 units. The development spans a total area of 17,450 square feet, resulting in a price per unit of $235,417 and a price per square foot of $323.78.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,650,000
  • Units: 24
  • Square Footage: 17,450
  • Price Per Unit: $235,417
  • Price Per Square Foot: $323.78
  • Buyer: Roberto Blanco & Robert A. Blanco
  • Seller: Yessenia Gonzalez
  • Buyer's Representative: George Jimenez

This transaction features Roberto Blanco and Robert A. Blanco as the buyers, while Yessenia Gonzalez is the seller. The buyer's representative for this deal is George Jimenez, facilitating the transaction on behalf of the buyers.

Players

George Jimenez

Broker

$20.3M

vol

7 deals

Broker

Hialeah 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

2.81%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93