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848 Northwest 10th Street

Evelyn Hsu Acquires Multifamily Property In Florida City For $1.11M
SOLDMultiFamily

Evelyn Hsu Acquires Multifamily Property In Florida City For $1.11M

848 Northwest 10th Street

$1,110,000

$303/SF

Building Size

3,660 SF

Asset Type

MultiFamily

Closing

Oct 2, 2023

AI

A multifamily property in Florida City has been sold for a price of $1,110,000. The property is located at 848 Northwest 10th Street and consists of 6 units. The price per unit in this transaction was $185,000. The total square footage of the property is 3,660, with a price per square foot of $303.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,110,000
  • Address: 848 Northwest 10th Street
  • Market: Florida City
  • Units: 6
  • Price per Unit: $185,000
  • Square Footage: 3,660
  • Price per Square Foot: $303

Evelyn Hsu has acquired the property from Brandon Shpirt. The deal was facilitated by Sam Mekras of MSP Group LLC, who acted as the broker in this transaction.

Players

Sam Mekras

MSP Group

Broker

$101.8M

vol

33 deals

Broker

Evelyn Hsu

Buyer

$8.6M

vol

6 deals

Buyer

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

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93