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David Gorson Acquires Multifamily Property In Hialeah For $4.1M

Property Image
SOLD
$4,075,000
Gabriel Pena
Connor Kerns
Austin Graham
+ 3

Florida

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MultiFamily21,558 SF
Sold 09/14/2022
the dealplayerscompscontact
Property Image
SOLD

David Gorson Acquires Multifamily Property In Hialeah For $4.1M

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

See Similar Deals
MultiFamily21,558 SF
Sold 09/14/2022
Gabriel Pena
Connor Kerns
Austin Graham
+ 3
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$189
Total Square Footage:21,558 SF
Transaction Type:Sale

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
Anthony Marucci
1 deal$4.1M volume
BROKER
Connor Kerns
Matthews
Connor Kerns
5 deals$59.6M volume
BROKER
Gabriel Pena
Matthews
Gabriel Pena
9 deals$28.1M volume
BROKER
Austin Graham
Matthews
Austin Graham
8 deals$78.2M volume
BROKER
DG
David Gorson
2 deals$5.5M volume
BUYER
IB
Israel Baez
2 deals$6.3M volume
SELLER

Details

SOLD
IMAGE: Anthony Marucci, Connor Kerns, Gabriel Pena & Austin Graham DATE: 09/14/2022 ADDRESS: 805 W 30th St MARKET: Hialeah ASSET TYPE: Multifamily BUYER: David Gorson SELLER: Israel Baez BROKERS: Anthony Marucci (@AnthonyMarucci), Connor Kerns (@Kerns_Aye), Gabriel Pena (@GabePena.jpeg), Austin Graham (@Austin_Graham) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $4,075,000 UNITS: 24 ~ PPU: $169,792 SF: 21,558 ~ PPSF: $189

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$217,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,477.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,317.58
Annual Debt Service$231,810.95