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845 Southwest 6th Street

Alejandro Gershanik Acquires Multifamily Property In Homestead, FL For $973,000
SOLDMultiFamily

Alejandro Gershanik Acquires Multifamily Property In Homestead, FL For $973,000

845 Southwest 6th Street

$973,000

$307/SF

Building Size

3,160 SF

Asset Type

MultiFamily

Closing

Mar 17, 2023

AI

A multifamily property located at 845 Southwest 6th Street in Homestead, FL, has been sold for a total of $973,000. The property consists of 8 units with an average price per unit of $121,625. The total square footage is 3,160, resulting in a price per square foot of $308.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $973,000
  • Units: 8
  • Price Per Unit: $121,625
  • Square Footage: 3,160
  • Price Per Square Foot: $308
  • Address: 845 Southwest 6th Street, Homestead, FL
  • Market: Homestead

Alejandro Gershanik purchased the property from Piero Pezzia. The deal was facilitated by Sam Mekras from MSP Group.

Players

Sam Mekras

MSP Group

Broker

$101.8M

vol

33 deals

Broker
Alejandro Gershanik

Alejandro Gershanik

BM2 Realty

Buyer

$94.9M

vol

34 deals

Buyer

Piero Pezzia

Seller

$10.4M

vol

3 deals

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.30%

Cash-on-Cash

-4.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93