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
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