Matthew Tempia Acquires Mixed-Use Property In Miami For $1.16M
20 Northeast 11th Street, Miami, FL, USA
$1,160,000
$966/SF
Building Size
1,200 SF
Asset Type
Mixed-use
Closing
Oct 2, 2021
About this deal
AI
The mixed-use property located at 20 NE 11th Street in Miami has been sold. The transaction took place on October 2, 2021, with a sale price of $1,160,000. The property spans 1,200 square feet, resulting in a price per square foot of $967. The buyer of the property is Matthew Tempia, and the seller is E11EVEN Hotel and Residences.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,160,000
- Address: 20 NE 11th Street, Miami
- Market: Miami
The deal was facilitated by two brokers. Jacqueline Pirkle from Coldwell Banker and Alyssa Morgan from One Sotheby's International Realty represented the buyer and seller, respectively.
On the Map
$1,160,000
$966/SF
Mixed-use
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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
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93