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60 NE 11th St

Updated Oct 28, 2024

Secure Digital Markets Acquires Mixed-Use Property In Miami For $1.7M
SOLD

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

Zach Friedman

Secure Digital Markets

Buyer

$3.4M

vol

2 deals

Buyer

Homestead CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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

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