Alex Karakhanian Acquires Mixed-use Property In Miami For $14.75M
1635 North Miami Avenue, Miami, FL 33136, USA
$14,750,000
$385/SF
Building Size
38,310 SF
Asset Type
Mixed-use
Closing
Nov 3, 2021
About this deal
AI
A mixed-use property located at 1635 North Miami Ave. in Miami has been sold in a closed transaction. The property was bought by Alex Karakhanian from the seller, Steven Gombinski. The deal was facilitated by Miguel Pinto of APEX Capital Realty acting as the broker for Alex Karakhanian. The transaction was completed on November 3, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,750,000
- Address: 1635 North Miami Ave., Miami
- Market: Miami
- Buyer: Alex Karakhanian
- Seller: Steven Gombinski
- Broker: Miguel Pinto - APEX Capital Realty
The property spans a total of 38,310 square feet, with a price per square foot value of $384. This closed transaction highlights the successful sale of the mixed-use property in Miami involving Alex Karakhanian as the buyer, Steven Gombinski as the seller, and Miguel Pinto of APEX Capital Realty as the broker representing Alex Karakhanian.
Players
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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93