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805 West 30th Street, Hiale...

David Gorson Acquires Multifamily Property In Hialeah For $4.1M
SOLDMultiFamily

David Gorson Acquires Multifamily Property In Hialeah For $4.1M

805 West 30th Street, Hialeah, Florida 33012, United States

$4,075,000

$189/SF

Building Size

21,558 SF

Asset Type

MultiFamily

Closing

Sep 13, 2022

AI

The multifamily property located at 805 W 30th St in Hialeah has been sold for $4,075,000. The property consists of 24 units, with each unit having a price per unit of $169,792. The total square footage of the property is 21,558, with a price per square foot of $189.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,075,000
  • Address: 805 W 30th St
  • Market: Hialeah

The buyer of the property is David Gorson, while the seller is Israel Baez. The deal was facilitated by brokers from Matthews Real Estate Investment Services, including Anthony Marucci, Connor Kerns, Gabriel Pena, and Austin Graham.

Players

Anthony Marucci

Matthews

Broker

$4.1M

vol

1 deal

Broker

David Gorson

Buyer

$5.5M

vol

2 deals

Buyer

Israel Baez

Seller

$6.3M

vol

2 deals

Seller

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

3.89%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93