Emil Stefkov Acquires Office Building In Miami Beach For $14.5M
230 1st Street, Miami Beach, Florida 33139, United States
$14,500,000
$1,097/SF
Building Size
13,210 SF
Asset Type
Office
Closing
Jan 13, 2022
About this deal
AI
The office property located at 230 1st St in Miami Beach, FL has been sold in a closed transaction. The property spans approximately 13,210 square feet and was sold for a total price of $14,500,000, translating to a price per square foot of $1,097.
Summary of transation details
- Property Type: Office
- Transaction Amount: $14,500,000
- Address: 230 1st St, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: Emil Stefkov
- Seller: Steven Gretenstein
The sale was completed on January 14, 2022, and Emil Stefkov was the buyer, while Steven Gretenstein was the seller involved in the transaction.
Players
Miami Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93