ARI Financial Group And Golani Investments Acquire Multifamily And Retail Portfolio In Hialeah For $42M
1355 West 44th Place, Hialeah, FL, USA
$42,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 10, 2021
AI
An nine-acre property consisting of multifamily and retail assets located in Hialeah has been sold for a total of $42,000,000. The transaction, which took place on September 13, 2021, involved the properties located at 1355 West 44th Place, 1301 West 26th Place, 1900 West 60th Street, and 650 East Ninth Street.
Summary of transaction details
- Property Type: Multifamily & Retail
- Transaction Amount: $42,000,000
- Address: 1355 West 44th Place, 1301 West 26th Place, 1900 West 60th Street & 650 East Ninth Street
- Market: Hialeah
- Asset Type: Multifamily & Retail
- Acres: 9.3
Buyer representation in the deal was provided by ARI Financial Group's Eric Bouskila and Golani Investments' Amir Hayun. The seller in the transaction was Steven Levy.
Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93