Mike Zikri Acquires Mixed-Use Property On N Miami Ave For $3.1M
SOLD
$3,100,000
Florida
See Similar DealsMixed-use3,012 SF
Sold 09/20/2022
SOLD
Mike Zikri Acquires Mixed-Use Property On N Miami Ave For $3.1M
5837 North Miami Avenue
See Similar DealsMixed-use3,012 SF
Sold 09/20/2022
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$1,029
Total Square Footage:3,012 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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