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6229 Northeast 2nd Avenue

William Ochiatta Sells Mixed-Use Asset At 6229 Northeast 2nd Avenue For $1.86M
SOLDMixed-use

William Ochiatta Sells Mixed-Use Asset At 6229 Northeast 2nd Avenue For $1.86M

6229 Northeast 2nd Avenue

$1,860,000

$424/SF

Building Size

4,380 SF

Asset Type

Mixed-use

Closing

May 26, 2025

AI

The property involved in this transaction is a mixed-use asset located at 6229 Northeast 2nd Avenue in Miami. The sale price for the property was $1,860,000, with a total square footage of 4,380 and a price per square foot of $424.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,860,000
  • Address: 6229 Northeast 2nd Avenue
  • Market: Miami
  • Square Footage: 4,380
  • Price per Square Foot: $424
  • Seller: William Ochiatta
  • Buyer's Representative: Ekaterina Ladik - Compass
  • Seller's Representatives: Giovanni Bertolotti & Jaime Ojeda - Fausto Commercial Realty Consultants

This transaction involved key individuals such as William Ochiatta, who was the seller. The buyer's representation was handled by Ekaterina Ladik from Compass, while the seller's interests were represented by Giovanni Bertolotti and Jaime Ojeda from Fausto Commercial Realty Consultants.

Players

Giovanni Bertolotti

Fausto Commercial Realty Consultants

Broker

$12M

vol

3 deals

Broker

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

8.53%

Cash-on-Cash

-2.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93