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1486 West 84th Street

Ricardo Jay Acquires Single Family Property In Hialeah For $2.3M
SOLDSingle Family

Ricardo Jay Acquires Single Family Property In Hialeah For $2.3M

1486 West 84th Street & 1498 West 84th Street

$2,300,000

$45/SF

Building Size

50,924 SF

Asset Type

Single Family

Closing

Feb 15, 2024

AI

The single-family property located at 1486-1498 West 84 Street in Hialeah, FL, was recently sold for $2,300,000. Spanning 25,462 square feet, the property was acquired at a price per square foot of $90. The transaction involved buyer Ricardo Jay and seller Dorinda Luzardo. Joseph Suarez from Florida Capital Realty represented the buyer, while Alexis Porro from Canvas Realty represented the seller.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,300,000
  • Buyer: Ricardo Jay
  • Seller: Dorinda Luzardo
  • Buyer's Rep: Joseph Suarez - Florida Capital Realty
  • Seller's Rep: Alexis Porro - Canvas Realty
  • Address: 1486-1498 West 84 Street
  • Market: Hialeah, FL
  • SF: 25,462
  • PPSF: $90

The deal's key individuals, Joseph Suarez and Alexis Porro, played vital roles in bringing the sale to fruition. Joseph Suarez, representing the buyer, displayed expertise as a real estate professional from Florida Capital Realty. On the other hand, Alexis Porro, serving as the seller's representative from Canvas Realty, facilitated the transaction ensuring a successful property transfer.

Players

Joseph Suarez

Trustpoint Realty

Broker

$85.6M

vol

23 deals

Broker

Hialeah Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93