Alejandro Gershanik Purchases Multifamily Property From Michael Gordon For $1.22M In Sunrise
5820 Nw 12th St
$1,220,000
$206/SF
Building Size
5,913 SF
Asset Type
MultiFamily
Closing
Mar 11, 2024
AI
The asset involved in the transaction is a MultiFamily property located at 5820 Nw 12th St, in the Sunrise market. The property was sold for $1,220,000.00 and encompasses a total of 5913.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,220,000.00
- Address: 5820 Nw 12th St
- Market: Sunrise
- Square Footage: 5913.0
- Buyer: Alejandro Gershanik
- Seller: Michael Gordon
- Brokers: Austin Michels - Marcus & Millichap, Felipe Echarte - Marcus & Millichap, Evan Kristol - Marcus & Millichap
The individuals involved in this transaction include the buyer Alejandro Gershanik and the seller Michael Gordon, who completed the deal with the assistance of brokers Austin Michels, Felipe Echarte, and Evan Kristol, all representing Marcus & Millichap.
Players
Sunrise 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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93