Updated Sep 5, 2024
Jeff Kluger Acquires Retail Property On Biscayne Blvd In Edgewater, Miami With Broker Reps Jamie Rose Maniscalco & Alex K. Tsoulfas
2201 Biscayne Boulevard, Miami, Florida 33137, United States
$4,400,000
Building Size
—
Asset Type
Commercial
Closing
Jul 18, 2022
About this deal
AI
An Edgewater retail property located at 2201 Biscayne Blvd in Miami has been sold in a recent transaction. The property, spanning approximately 9,500 square feet of land, was sold for a total price of $4,400,000, resulting in a price per square foot of land of $463. The sale took place on July 19, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,400,000
- Address: 2201 Biscayne Blvd
- Market: Edgewater, Miami
The buyer of the property is Jeff Kluger, while the seller is Juan Carlos Cachoua. The transaction was facilitated by brokers Jamie Rose Maniscalco and Alex K. Tsoulfas from APEX Capital Realty.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93