Harold Golen Acquires Mixed-Use Property On Biscayne Boulevard For $2.68M
SOLD
$2,675,000
Florida
See Similar DealsMixed-use6,000 SF
Sold 01/19/2024
SOLD
Harold Golen Acquires Mixed-Use Property On Biscayne Boulevard For $2.68M
8025 Biscayne Boulevard
See Similar DealsMixed-use6,000 SF
Sold 01/19/2024
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$445
Total Square Footage:6,000 SF
Transaction Type:Sale
Harold Golen has recently purchased a mixed-use property located at 8025 Biscayne Boulevard in Miami. The transaction took place on January 19, 2024, and was facilitated by Kristopher Rodriguez from Fordome Investment Group. The property spans across 6,000 square feet and was sold for a total price of $2,675,000, resulting in a price per square foot of $446.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,675,000
- Address: 8025 Biscayne Boulevard, Miami
- Market: Miami
- Buyer: Harold Golen
- Seller's Representative: Kristopher Rodriguez - Fordome Investment Group
- Square Footage: 6,000
- Price per Square Foot: $446
Harold Golen, as the buyer, successfully acquired the mixed-use property located on Biscayne Boulevard. Kristopher Rodriguez, from Fordome Investment Group, represented the seller in this transaction. The deal showcases the active participation and expertise of these individuals in the real estate market of Miami.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,503.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,680.86
Annual Debt Service$152,170.38
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