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99 West 24th Street

Mikon Financial Acquires Multifamily Property In Hialeah For $1.25M
SOLDMultiFamily

Mikon Financial Acquires Multifamily Property In Hialeah For $1.25M

99 West 24th Street

$1,250,000

$287/SF

Building Size

4,352 SF

Asset Type

MultiFamily

Closing

Feb 27, 2024

AI

The multifamily property located at 99 West 24th Street in Hialeah was sold for $1,250,000. The asset comprises 6 units, totaling 4,352 square feet, resulting in a price per unit of $208,333 and a price per square foot of $287.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Buyer: Mikon Financial - Juan Capote
  • Seller: P & E Management - Maritza Estruch
  • Buyer's Rep: Kevin Aguirre Martin - Silmar Realty
  • Seller's Rep: Kevin Aguirre Martin - Silmar Realty
  • Asking Price: $1,250,000

Kevin Aguirre Martin from Silmar Realty represented both the buyer, Mikon Financial, and the seller, P & E Management, in the transaction.

Players

Kevin Aguirre Martin

Silmar Realty

Broker

$1.3M

vol

1 deal

Broker

Hialeah 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93