Hansell Shook Purchases Multifamily Property In Miami Shores For $1,175,000 With Brokers Juan Sotolongo And Angelo Navarro
715 Northeast 92nd Street
$1,175,000
$416/SF
Building Size
2,822 SF
Asset Type
MultiFamily
Closing
Jul 2, 2026
AI
The asset involved in this transaction is a multifamily property located at 715 Northeast 92nd Street in Miami Shores. The property consists of 4 units, with a sale price of $1,175,000, translating to a price per unit of $293,750. It has a total square footage of 2,822, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Buyer: Hansell Shook
- Seller: Lawrence D. Kruguer
- Broker Representatives: Juan Sotolongo - Gridline Properties
- Broker Representatives: Angelo Navarro - Keller Williams Realty
- Units: 4
- Square Footage: 2,822
- Price per Unit: $293,750
- Price per Square Foot: $416
The brokers involved in this transaction are Juan Sotolongo representing Gridline Properties and Angelo Navarro from Keller Williams Realty. Gridline Properties is noted as a leading brokerage firm in South Florida, specializing in investment sale representation and strategic real estate consulting.
Players
Miami Shores 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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93