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
Hialeah Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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