Chariff Realty Group Miami Acquires Office Building In Miami For $2.9M
4800 Northeast 2nd Avenue, Miami, Florida 33137, United States
$2,900,000
$1,009/SF
Building Size
2,873 SF
Asset Type
Office
Closing
Oct 3, 2022
AI
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.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93