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Robert Danial Acquires Vacant Commercial Property In Miami, FL From Nickelli Lovaski Pierre For $2.3M

Property Image
SOLD
$2,314,128

Florida

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Commercial
Sold 10/12/2022
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Property Image
SOLD

Robert Danial Acquires Vacant Commercial Property In Miami, FL From Nickelli Lovaski Pierre For $2.3M

190 Northeast 71st Street, Miami, Florida 33138, United States

See Similar Deals
Commercial
Sold 10/12/2022
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Summary

FLORIDA
Asset Type:Commercial
Transaction Type:Sale

The vacant commercial property located at 190 NE 71st St in Miami, FL has been sold. The transaction took place on October 12, 2022.

Summary of transaction details

  • Property Type: Vacant Commercial
  • Transaction Amount: $2,314,128
  • Address: 190 NE 71st St, Miami, FL
  • Market: Miami, FL

The buyer of the property is Robert Danial, while the seller is Nickelli Lovaski Pierre.

Players

3 deals$14.5M volume
BUYER

2 deals$4.5M volume
SELLER

Details

SOLD
IMAGE: 10/12/2022 ADDRESS: 190 NE 71st St MARKET: Miami,FL ASSET TYPE: Vacant Commercial BUYER: Robert Danial SELLER: Nickelli Lovaski Pierre PRICE: $2,314,128

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$123,420.18

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,221.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,970.15
Annual Debt Service$131,641.77