Updated Feb 23, 2025
Alejandro Gershanik Acquires Multifamily Property In Homestead For $1.4M
485 Southwest 4th Avenue, Homestead, Florida 33030, United States
$1,416,000
$293/SF
Building Size
4,832 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
Located at 485 SW 4th Avenue in Homestead, this multifamily property has been sold in a recent transaction. The property consists of 12 units, with a sale price of $1,416,000, equating to approximately $118,000 per unit. The sale took place on 06/30/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,416,000
- Address: 485 SW 4th Avenue, Homestead
- Market: Homestead
Alejandro Gershanik was the buyer in this transaction, while Evelyn Hsu was the seller. Sam Mekras, representing MSP Group LLC, served as the broker in this deal.
On the Map
$1,416,000
$293/SF
MultiFamily
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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
11.20%
Cash-on-Cash
-3.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93