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7835 Nw 36th Ave

Roy Lustig Acquires Mixed-use Property At 7835 Nw 36th Ave From Anne Kolker For $600,000
SOLDMixed-use

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:

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

Joseph Phelps

Horvath & Tremblay

Broker

$3.3M

vol

1 deal

Broker

Roy Lustig

Buyer
Buyer

Anne Kolker

Seller
Seller

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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