facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

525 Southwest 1st Avenue

Evelyn Hsu Acquires Homestead Multifamily For $1.77M With Seller's Rep Pedro Glaria
SOLDMultiFamily

Evelyn Hsu Acquires Homestead Multifamily For $1.77M With Seller's Rep Pedro Glaria

525 Southwest 1st Avenue

$1,770,000

$232/SF

Building Size

7,628 SF

Asset Type

MultiFamily

Closing

Oct 31, 2023

AI

The multifamily property located at 525 Southwest 1st Avenue in Homestead has been sold for a total price of $1,770,000. The property consists of 12 units, with an average price per unit of $147,500. The total square footage of the property is 7,628, with an average price per square foot of $232.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,770,000
  • Units: 12
  • Price per Unit: $147,500
  • Total Square Footage: 7,628
  • Price per Square Foot: $232
  • Address: 525 Southwest 1st Avenue
  • Market: Homestead

Evelyn Hsu has purchased the property from Pedro Glaria. The transaction was facilitated by Sam Mekras of MSP Group LLC, who represented both the buyer and seller in this deal.

Players

Sam Mekras

MSP Group

Broker

$101.8M

vol

33 deals

Broker

Evelyn Hsu

Buyer

$8.6M

vol

6 deals

Buyer

Homestead 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

8.96%

Cash-on-Cash

-2.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93