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
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