Jeffrey L. Kluger & Gary A. Kluger Acquire Miami Warehouse For $2.75M
Northeast 17th Terrace, Miami, Florida 33132, United States
$2,752,500
$550/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Jan 19, 2022
AI
A warehouse located at 41 NE 17th Ter in Miami, FL was recently sold in a transaction that took place on January 20, 2022. The property spans approximately 5,000 square feet and was sold for a total price of $2,752,500, equating to a price per square foot of $550.
Summary of Transaction Details
- Property Type: Warehouse
- Transaction Amount: $2,752,500
- Address: 41 NE 17th Ter, Miami, FL
- Market: Miami, FL
- Buyer: Jeffrey L. Kluger & Gary A. Kluger
- Seller: Steven Goodman & Joyce Goodman
- Square Footage: 5,000
- Price per Square Foot: $550
The buyers of the warehouse were Jeffrey L. Kluger and Gary A. Kluger, while the sellers were Steven Goodman and Joyce Goodman.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.76%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93