Secure Digital Markets Acquires Mixed-Use Property In Miami For $1.7M
60 Northeast 11th Street, Miami, Florida 33132, United States
$1,715,500
$1,294/SF
Building Size
1,325 SF
Asset Type
Mixed-use
Closing
Apr 30, 2022
About this deal
AI
Located at 60 NE 11th St in Miami, this mixed-use (commercial and residential) property was recently sold for a total price of $1,715,500. The property spans 1,325 square feet, resulting in a price per square foot of $1,295. The sale was facilitated by Zach Friedman and Dave Shafrir representing the buyer, Secure Digital Markets, while Charlie Rothkopf from Coldwell Banker Commercial represented the seller, PMG Development.
Summary of transaction details
- Property Type: Mixed-use (Commercial Residential)
- Transaction Amount: $1,715,500
- Address: 60 NE 11th St, Miami
- Market: Miami
- Buyer: Secure Digital Markets - Zach Friedman & Dave Shafrir
- Seller: PMG Development
- Seller's Rep: Charlie Rothkopf - Coldwell Banker Commercial
- Square Footage: 1,325
- Price per Square Foot: $1,295
Zach Friedman, together with Dave Shafrir, represented Secure Digital Markets as the buyer in this transaction. On the other side, Charlie Rothkopf from Coldwell Banker Commercial acted as the seller's representative for PMG Development. This successful deal showcases the collaboration between the involved parties and highlights their expertise in the Miami market.
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
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93