Updated Mar 18, 2025
Zalmy Shapiro And Joel Lusky Acquire Industrial Asset From BICHACHI ORIGINALS INC For $6.3M
2041 Northwest 23rd Avenue & 2100 Northwest 22nd Court
$6,300,000
$95/SF
Building Size
33,033 SF
Asset Type
Industrial
Closing
Mar 10, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 2041 Northwest 23rd Avenue in Miami. The sale price for this property was $6,300,000.00, and it encompasses a total square footage of 33,033.0.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,300,000.00
- Address: 2041 Northwest 23rd Avenue
- Market: Miami
- Buyer: Zalmy Shapiro, Joel Lusky
- Seller: BICHACHI ORIGINALS INC
Key individuals involved in this transaction include the buyers, Zalmy Shapiro and Joel Lusky, who acquired the property from the seller, BICHACHI ORIGINALS INC.
On the Map
$6,300,000
$95/SF
Industrial
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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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93