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5837 North Miami Avenue

Mike Zikri Acquires Mixed-Use Property On N Miami Ave For $3.1M
SOLDMixed-use

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

Daniel Delgado

Sotheby's International Realty

Broker

$3.1M

vol

1 deal

Broker

Mike Zikri

Buyer

$7.3M

vol

3 deals

Buyer

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