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.
Hialeah 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93