Chariff Realty Group Miami Acquires Office Building In Miami For $2.9M
SOLD
$2,900,000
Florida
See Similar DealsOffice2,873 SF
Sold 10/04/2022
SOLD
Chariff Realty Group Miami Acquires Office Building In Miami For $2.9M
4800 Northeast 2nd Avenue, Miami, Florida 33137, United States
See Similar DealsOffice2,873 SF
Sold 10/04/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$1,009
Total Square Footage:2,873 SF
Transaction Type:Sale
The office property located at 4800 NE 2nd Ave in Miami has been sold for a price of $2,900,000. The property has a total area of 2,873 square feet, resulting in a price per square foot of $1,009. The lot size is 5,434 square feet, with a price per square foot of $534.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,900,000
- Address: 4800 NE 2nd Ave
- Market: Miami
- Square Footage: 2,873
- Price per Square Foot: $1,009
- Lot Size: 5,434 square feet
- Price per Lot Square Foot: $534
The sale transaction was facilitated by Lyle Chariff, Mauricio Zapata, and Juan Ortiz from Chariff Realty Group Miami.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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