Carlos Reyes Acquires Mixed-Use Property In Miami Beach For $2M
1413 20th Street, Miami Beach, Florida 33139, United States
$2,000,000
$716/SF
Building Size
2,790 SF
Asset Type
Mixed-use
Closing
May 10, 2022
AI
A mixed-use property located at 1413 20th Street in Miami Beach has been sold in a recent transaction. The property features a total area of 2,790 square feet. The sale was completed on 05/11/2022 with a sale price of $2,000,000, which translates to a price per square foot of $717.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Buyer: Carlos Reyes
- Seller: Daniele Ghiotti
- Buyer's Representative: David Vazquez - Brown Harris Stevens
- Seller's Representative: Jordan Millman - West Avenue Realty
- Square footage: 2,790
- Price per square foot: $717
David Vazquez from Brown Harris Stevens represented the buyer, Carlos Reyes, in the transaction. Jordan Millman from West Avenue Realty acted as the seller's representative, representing Daniele Ghiotti. Both parties successfully completed the deal, resulting in the sale of the mixed-use property.
Players
Miami Beach 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93