Matt Kuscher Acquires Mixed-Use Property In Wynwood, Miami For $2.6M
2003 North Miami Avenue, Miami, Florida 33127, United States
$2,600,000
$343/SF
Building Size
7,562 SF
Asset Type
Mixed-use
Closing
Mar 23, 2022
About this deal
AI
A mixed-use property located at 2003 N Miami Ave in the Wynwood neighborhood of Miami has been sold in a recent transaction. The property spans 7,562 square feet and was sold for a total price of $2,600,000, resulting in a price per square foot of $344. The sale took place on March 24, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,600,000
- Market: Wynwood, Miami
- Address: 2003 N Miami Ave
The buyer of the property is Matt Kuscher, while the seller is Michael Lilov Jr. The transaction was facilitated by David Richman, Tony Arellano, and Devlin Marinoff from DWNTWN Realty Advisors, who represented both parties in the deal.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93