Carlos Reyes Acquires Mixed-Use Property In Miami Beach For $2M
SOLD
$2,000,000
Florida
See Similar DealsMixed-use2,790 SF
Sold 05/11/2022
SOLD
Carlos Reyes Acquires Mixed-Use Property In Miami Beach For $2M
1413 20th Street, Miami Beach, Florida 33139, United States
See Similar DealsMixed-use2,790 SF
Sold 05/11/2022
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$716
Total Square Footage:2,790 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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