Joseph Suarez Acquires School In El Portal For $1.45M With Brokers Jamie Rose Maniscalco & Steffanie Jacobson
515 NW 95 St
$1,450,000
$221/SF
Building Size
6,546 SF
Asset Type
Church
Closing
Oct 31, 2024
AI
The asset involved in the transaction is a school located at 515-545 Northwest 95th Street in El Portal, Miami. The sale was conducted for a total transaction amount of $1,450,000, encompassing a total area of 6,546 square feet, which translates to a price per square foot of $221.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $1,450,000
- Square Footage: 6,546 SF
- Price per Square Foot: $221
- Address: 515-545 Northwest 95th Street
- Market: El Portal (Miami)
- Buyer: Joseph Suarez
- Brokers: Jamie Rose Maniscalco & Steffanie Jacobson - The Alpha Commercial
The transaction was represented by brokers Jamie Rose Maniscalco and Steffanie Jacobson from The Alpha Commercial, facilitating the connection between the buyer, Joseph Suarez, and the property listing.
Players
Miami Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93