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701 Northeast 79th Street, ...

Babba Joshua Yesharim Acquires Land/Retail Property In Miami For $2.25M
SOLD

Babba Joshua Yesharim Acquires Land/Retail Property In Miami For $2.25M

701 Northeast 79th Street, Miami, Florida 33138, United States

$2,250,000

$128/SF

Building Size

17,546 SF

Asset Type

Closing

Jun 28, 2022

AI

The property involved in the transaction is a land/retail asset located at 701-709 NE 79th Street, known as The Anderson, in Miami. The property was sold on 06/29/2022.

Summary of transaction details:

  • Property Type: Land/Retail
  • Sale Price: $2,250,000
  • Square Footage: 17,546
  • Price Per Square Foot: $128
  • Market: Miami

The buyer of the property is Babba Joshua Yesharim, representing Shorecrest Development. The seller is Joe Del Vecchio and Avra Jain. The brokers involved in the deal are Miguel Pinto, Jamie Rose Maniscalco, and Francisco Rodriguez, who are associated with APEX Capital Realty.

Please note that no additional information about the property or the deal is available.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
Babba Joshua Yesharim

Babba Joshua Yesharim

Buyer

$107.5M

vol

28 deals

Buyer

Avra Jain

Seller

$76.2M

vol

12 deals

Seller

Miami 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93