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
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