David J. Berger Acquires Mixed-use Property In Miami For $15M
1153 SW 2nd St, Miami, FL 33130, Estados Unidos
$15,000,000
$2,666/SF
Building Size
5,625 SF
Asset Type
Mixed-use
Closing
Oct 1, 2020
About this deal
AI
The property involved in this closed transaction is a mixed-use asset located at 1153 SW 2nd Street in Miami. The sale date for this transaction was on October 2, 2020. The property was purchased for a total price of $15,000,000.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $15,000,000
The buyer involved in this transaction is David J. Berger.
The mixed use sale at 1153 SW 2nd St, Miami, FL 33130, Estados Unidos in Miami, Florida sold for $15M in 2020. The building is 5,625 square feet, implying about 2.7K per square foot on the published price. This page is the Miami, Florida file for the 1153 SW 2nd St, Miami, FL 33130, Estados Unidos mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Miami sit in the Market section below. Filter that Miami mixed use set by closing date to see what else sold near 1153 SW 2nd St, Miami, FL 33130, Estados Unidos around 2020. Published consideration for 1153 SW 2nd St, Miami, FL 33130, Estados Unidos is $15M, dated 2020. Cite this David J. Berger Acquires Mixed-use Property In Miami For $15M sale when underwriting similar mixed use product around Miami, Florida.
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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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93