Yidel Weiss Acquires Office Building In North Miami Beach For $19.75M
633 Northeast 167th Street
$19,750,000
$144,160/SF
Building Size
137 SF
Asset Type
Office
Closing
Jan 6, 2022
AI
An office property located at 633-699 NE 167th St in North Miami Beach has been sold for $19,750,000. The transaction took place on 06/01/2022. The office building occupies a total of 137,000 square feet, resulting in a price per square foot of $144. The seller of the property was Moishe Mana, and the buyer was Yidel Weiss.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $19,750,000
- Address: 633-699 NE 167th St, North Miami Beach
- Market: North Miami Beach
The buyer's representative in the deal was Miri Brecher from Citadel Realty, while the seller's representative was Mariano Saal from TIR Prime Properties. Mariano Saal & Miri Brecher shared an image of the property on Instagram.
Players
North 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93