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
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