Mike Zikri Acquires Mixed-Use Property On N Miami Ave For $3.1M
5837 North Miami Avenue
$3,100,000
$1,029/SF
Building Size
3,012 SF
Asset Type
Mixed-use
Closing
Sep 20, 2022
AI
Located at 5811-5837 N Miami Ave, this mixed-use property in Miami has been sold in a recent transaction. The property features a total area of 3,012 square feet and was sold for a price of $3,100,000, resulting in a per square foot price of $1,029.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Property Size: 3,012 square feet
- Price per Square Foot: $1,029
- Address: 5811-5837 N Miami Ave, Miami
The buyer in this transaction is Mike Zikri, while the seller is Richard Siskin. Daniel Delgado and Martin Elortegui from One Sotheby's International Realty represented the seller. They played a crucial role in facilitating the deal, ensuring a successful transaction.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93