Arthur Porosoff Represents Sale Of Mixed-Use Property At 40-46 Ne 1 Ave Miami For $7.75M
40-46 Ne 1 Ave
$7,750,000
$339/SF
Building Size
22,832 SF
Asset Type
Mixed-use
Closing
Dec 18, 2024
About this deal
AI
This mixed-use property located at 40-46 Ne 1 Ave in Miami has a total square footage of 22,832 and was sold for $7,750,000.00 on 12/18/2024.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,750,000.00
- Sale Date: 12/18/2024
- Address: 40-46 Ne 1 Ave
- Market: Miami
- Square Footage: 22,832
Arthur Porosoff served as the broker representing the transaction for this sale, facilitating the deal in the Miami market.
The mixed use sale at 40-46 Ne 1 Ave in Miami, Florida sold for $7.8M in 2024. The building is 22,832 square feet, implying about 339 per square foot on the published price. Named participants on the 40-46 Ne 1 Ave sale are Arthur Porosoff, Yuko Sati, Giulia Bianchi. This page is the Miami, Florida file for the 40-46 Ne 1 Ave mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Miami sit in the Market section below. Filter that Miami mixed use set by closing date to see what else sold near 40-46 Ne 1 Ave around 2024. Published consideration for 40-46 Ne 1 Ave is $7.8M, dated 2024. Cite this Arthur Porosoff Represents Sale Of Mixed-Use Property At 40-46 Ne 1 Ave Miami For $7.75M sale when underwriting similar mixed use product around Miami, Florida.
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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93