Updated Oct 29, 2024
Moishe Mana Acquires Property From Broks Center LTD For $29.5 Million In Miami
120 NE 1st St, Miami, FL, 33132
$29,500,000
$327/SF
Building Size
89,994 SF
Asset Type
Commercial
Closing
Dec 29, 2021
About this deal
AI
The property located at 120 NE 1st St, Miami, FL, 33132 has been sold for $29,500,000.00. It consists of a total area of 89,994 square feet and is situated in the Miami market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $29,500,000.00
- Address: 120 NE 1st St, Miami, FL, 33132
- Market: Miami
- Buyer: Moishe Mana
- Seller: Broks Center LTD
- Buyer's Representative: Cecilia Estevez - Colliers International
In this transaction, Cecilia Estevez represented the buyer, Moishe Mana, while Broks Center LTD served as the seller of the property. The deal highlights significant activity in the Miami real estate market.
On the Map
$29,500,000
$327/SF
Commercial
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Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93