Abraham Casallas Acquires Mixed-Use Property On West Flagler Street In Miami For $4.6M
840 West Flagler Street
$4,600,000
$1,583/SF
Building Size
2,905 SF
Asset Type
Mixed-use
Closing
Aug 1, 2023
About this deal
AI
A mixed-use property located at 840 West Flagler Street in Miami has been sold for a price of $4,600,000. The property spans 2,905 square feet, resulting in a price per square foot of $1,583. The transaction took place on August 1, 2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,600,000
- Address: 840 West Flagler Street, Miami
- Market: Miami
- Square Footage: 2,905
- Buyer: Abraham Casallas
- Seller: Synthia Karlin
- Brokers: Carlos Fausto Miranda & Alessandro Lima - Fausto Commercial Realty Consultants
Leading the transaction were brokers Carlos Fausto Miranda and Alessandro Lima from Fausto Commercial Realty Consultants. They facilitated the deal between the buyer, Abraham Casallas, and the seller, Synthia Karlin.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Carlos Fausto Miranda to view all their deals.
Browse Miami mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93