Gus Rodríguez Acquires Mixed-Use Property In Little Haiti, Miami For $2.3M
185 NE 62 Ter, Miami, Florida 33138, United States
$2,300,000
$1,113/SF
Building Size
2,066 SF
Asset Type
Mixed-use
Closing
Dec 31, 2021
About this deal
AI
A mixed-use property located at 6238 & 6242 NE 62 Ave & 185 NE 62 Ter in Little Haiti, Miami has been sold. The property encompasses a total of 2,066 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $1,113.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,300,000
- Market: Little Haiti, Miami
- Buyer: Gus Rodríguez
- Seller: James Winzey
- Broker: Janet Cabada-Medina - The Janet Group - RE/MAX 360 Real Estate
Gus Rodríguez purchased the property from James Winzey. Janet Cabada-Medina, from The Janet Group at RE/MAX 360 Real Estate, represented both parties as the broker in this transaction.
Players
Miami Shores 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93