Jorge Ruiz Acquires Multifamily Property From Evelyn Hsu In Florida City For $1.355M
848 Northwest 10th Street
$1,355,000
$370/SF
Building Size
3,660 SF
Asset Type
MultiFamily
Closing
Dec 9, 2025
AI
The multifamily asset located at 848 Northwest 10th Street in Florida City has been sold for a price of $1,355,000. This property comprises 6 units, presenting a purchase price per unit of $225,833. The total square footage of the asset is 3,660, resulting in a price per square foot of $370.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,355,000
- Buyer: Jorge Ruiz
- Seller: Evelyn Hsu
- Broker: Sam Mekras - MSP Group
- Units: 6
- Price Per Unit: $225,833
- Square Footage: 3,660
- Price Per Square Foot: $370
Sam Mekras represented the MSP Group in this transaction, having exclusively listed the property. The MSP Group is actively involved in the South Florida market, offering services for those looking to buy, sell, or finance multifamily properties.
Players
Florida City 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
11.71%
Cash-on-Cash
-3.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93