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98 Ne 79 St

Paul Chavez Acquires Mixed-Use Building In Miami For $1.16M
SOLDMixed-use

Paul Chavez Acquires Mixed-Use Building In Miami For $1.16M

98 Ne 79 St

$1,160,000

$175/SF

Building Size

6,630 SF

Asset Type

Mixed-use

Closing

Feb 2, 2023

AI

The mixed-use property located at 98 NE 79 St in Miami has been sold in a recent transaction. The property spans a total of 3,272 square feet and was sold for a price of $1,160,000, resulting in a price per building square foot of approximately $175.

Summary of transaction details

  • Property Type: Mixed-use
  • Sale Price: $1,160,000
  • Building Square Footage: 3,272
  • Price per Building Square Foot: $175
  • Address: 98 NE 79 St, Miami

Paul Chavez has purchased the property from Mike Vasquez. The seller was represented by Martin Bravo and Francisco Rodriguez from APEX Capital Realty.

Note: No additional information is available regarding the transaction.

Players

Francisco Rodriguez

APEX Capital Realty

Broker

$27.4M

vol

6 deals

Broker

Paul Chavez

Buyer

$17.1M

vol

5 deals

Buyer

Market 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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93