Gadinsky Real Estate & Group 10 Capital Management Sell Mixed-Use Property On Upper East Side
205 Northeast 87th Street, Upper East Side, Miami, FL, USA
$5,500,000
$190/SF
Building Size
28,947 SF
Asset Type
Mixed-use
Closing
Mar 18, 2021
About this deal
AI
A mixed-use property located at 205 NE 87th Street in the Upper East Side neighborhood was recently sold for $5,500,000. The property spans 28,947 square feet, resulting in a price per square foot of $187. The sale took place on March 19, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,500,000
- Address: 205 NE 87th Street
- Market: Upper East Side
The sellers of the property were Seth Gadinsky from Gadinsky Real Estate and Samuel Soriero from Group 10 Capital Management. The sale was facilitated by Alfredo Riascos, representing Gridline Properties. The property was listed with an asking price of $5,900,000.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93