facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Mixed Use

/

Sale

/

523-529 Northwest 28th Stre...

JK Miami Corp. Sells Mixed-Use Property In Wynwood, Miami For $3.8M
SOLDMixed-use

JK Miami Corp. Sells Mixed-Use Property In Wynwood, Miami For $3.8M

523-529 Northwest 28th Street, Wynwood, Miami, FL, USA

$3,800,000

$475/SF

Building Size

8,000 SF

Asset Type

Mixed-use

Closing

Oct 8, 2021

AI

Located in the vibrant Wynwood neighborhood of Miami, the mixed-use property at 523-529 NW 28 Street recently changed hands in a closed transaction. The property, spanning 8,000 square feet, boasts a prime location in the Wynwood market. The sale price for this transaction was $3,800,000, resulting in a price per square foot of $475.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $3,800,000
  • Address: 523-529 NW 28 Street, Wynwood, Miami
  • Square Footage: 8,000

The seller of the property was JK Miami Corp., represented by Jae Wong. The transaction was facilitated by brokers Jordan Gimelstein and David Spitz from the Koniver Stern Group. Both brokers played a crucial role in overseeing the successful sale.

Players

Jordan Gimelstein

Inhouse Commercial

Broker

$180.4M

vol

15 deals

Broker

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93