Secure Digital Markets Acquires Mixed-Use Property In Miami For $1.7M
60 NE 11th St
$1,715,000
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
A mixed-use property located at 60 NE 11th St in Miami has been sold in a recent transaction. The property includes both commercial and residential spaces.
Summary of Transaction Details
- Property Type: Mixed-Use (Commercial Residential)
- Transaction Amount: $1,715,500
- Square Footage: 1,325
- Price Per Square Foot: $1,295
- Address: 60 NE 11th St, Miami
- Market: Miami
The buyer of the property is Secure Digital Markets, represented by Zach Friedman and Dave Shafrir. The seller is PMG Development, with Charlie Rothkopf from Coldwell Banker Commercial serving as their representative in the deal.
This transaction provides an opportunity for Secure Digital Markets to expand their presence in Miami's real estate market. PMG Development, on the other hand, has successfully sold a mixed-use property to a reputable buyer. The involvement of Zach Friedman and Dave Shafrir from Secure Digital Markets, along with the representation of PMG Development by Charlie Rothkopf, highlights the significance of these individuals in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93