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5820 Nw 12th St

Alejandro Gershanik Purchases Multifamily Property From Michael Gordon For $1.22M In Sunrise
SOLDMultiFamily

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

Evan Kristol

Marcus & Millichap

Broker

$415.5M

vol

59 deals

Broker
Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 deals

Broker
Alejandro Gershanik

Alejandro Gershanik

Buyer

$94.9M

vol

34 deals

Buyer

Michael Gordon

Seller

$11.3M

vol

3 deals

Seller

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