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1355 West 44th Place, Hiale...

ARI Financial Group And Golani Investments Acquire Multifamily And Retail Portfolio In Hialeah For $42M
SOLDRetail

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

Steven Levy

Seller

$76.9M

vol

4 deals

Seller

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