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6365 W 24th Ave, Hialeah, F...

Antonio Hernandez Acquires Multifamily Property In Hialeah For $13M
SOLDMultiFamily

Antonio Hernandez Acquires Multifamily Property In Hialeah For $13M

6365 W 24th Ave, Hialeah, FL 33016, USA

$13,000,000

$408/SF

Building Size

31,806 SF

Asset Type

MultiFamily

Closing

Sep 28, 2020

AI

Antonio Hernandez has purchased a multifamily property in Hialeah for $13,000,000. The property is located at 6365 West 24th Avenue and consists of 66 units, resulting in a price per unit of $197,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,000,000
  • Address: 6365 West 24th Avenue
  • Market: Hialeah
  • Units: 66
  • Price per Unit: $197,000

The buyer, Antonio Hernandez, acquired the property from the seller, Hilton Estates of Hialeah IV. The deal was facilitated by brokers Eduardo Toledo, Jonathan De La Rosa, Alejandro Gonzalez, Evan Kristol, and Felipe Echarte.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93