Roy Lustig Acquires Mixed-use Property At 7835 Nw 36th Ave From Anne Kolker For $600,000
7835 Nw 36th Ave
$600,000
$109/SF
Building Size
5,500 SF
Asset Type
Mixed-use
Closing
Dec 1, 2021
AI
The property asset involved in this transaction is a mixed-use building located at 7835 Nw 36th Ave, Miami, with a total square footage of 5,500. The transaction was finalized for a price of $600,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $600,000.00
- Address: 7835 Nw 36th Ave
- Market: Miami
- Buyer: Roy Lustig
- Seller: Anne Kolker
- Brokers: Arthur Porosoff, Joseph Phelps (Horvath & Tremblay)
- Date of Sale: 12/01/2021
This transaction involved the collaboration of brokers Arthur Porosoff and Joseph Phelps, who represented the seller Anne Kolker. The buyer, Roy Lustig, acquired the property as part of this deal, which reflects a significant exchange 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
26.44%
Cash-on-Cash
-7.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93