Updated Oct 28, 2024
Rental Asset Management Acquires Multifamily Property In Hialeah For $17.5M
7200 West 10th Court, Hialeah, FL 33014
$17,500,000
$228/SF
Building Size
76,718 SF
Asset Type
MultiFamily
Closing
Aug 23, 2021
About this deal
AI
The multifamily property located at 7200 W 10th Court in Hialeah was recently sold in a closed transaction. The property comprises 112 units with a total area of 76,718 square feet. The sale price for this transaction was $17,500,000, resulting in a price per unit of $156,250 and a price per square foot of $228.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Date: 08/23/2021
- Market: Hialeah
- Buyer: Rental Asset Management - Andres Guzman
- Seller: PISMO - Steven Levy
- Brokers: Calum Weaver - Cushman & Wakefield | Perry Synanidis - Cushman & Wakefield
The buyer in this transaction was Rental Asset Management, represented by Andres Guzman, while the seller was PISMO, represented by Steven Levy. The deal was facilitated by Calum Weaver and Perry Synanidis from Cushman & Wakefield.
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93