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101 Northeast 79th Street, ...

Adam And Nathan Shapiro Acquire Mixed-Use Property In Little River For $3M
SOLDMixed-use

Adam And Nathan Shapiro Acquire Mixed-Use Property In Little River For $3M

101 Northeast 79th Street, Miami, Florida 33138, United States

$3,000,000

$500/SF

Building Size

6,000 SF

Asset Type

Mixed-use

Closing

Apr 14, 2022

AI

The mixed-use property located at 101 NE 79th St in the Little River market has been sold in a recent transaction. The property spans approximately 6,000 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $500. The sale was finalized on April 15, 2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Sale Price: $3,000,000
  • Square Footage: 6,000
  • Market: Little River

The buyer of the property is Adam and Nathan Shapiro, while the seller is Jared Jukel and Ryan Safady from Imagine Lifestyles Holdings. The buyer was represented by Jonathan Eisman from Gridline Properties, and the seller was represented by Sari Libbin from Douglas Elliman.

It is worth noting that this transaction represents the fourth sale in the NE 79th Street sector of the Little River sub-market in recent months for Jonathan Eisman, highlighting his success in the area.

Players

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker

Jared Jukel

Seller

$12.6M

vol

7 deals

Seller

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93