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20 Northeast 11th Street, M...

Matthew Tempia Acquires Mixed-Use Property In Miami For $1.16M
SOLDMixed-use

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

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.

Players

Alyssa Morgan

The Inside Netwok

Broker

$95M

vol

26 deals

Broker

Matthew Tempia

Buyer

$3.6M

vol

2 deals

Buyer

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