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
About this deal
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.
On the Map
$3,800,000
$475/SF
Mixed-use
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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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93