Joel Lusky Sells Office Property In North Miami For $1.2M
655 Northwest 128th Street, North Miami, FL, USA
$1,200,000
$412/SF
Building Size
2,910 SF
Asset Type
Office
Closing
Mar 29, 2021
About this deal
AI
Located in North Miami, the property at 655 Northwest 128th Street has been sold in a recent real estate transaction. The office space, spanning 2,910 square feet, was sold for a price of $1,200,000. This amounts to a price per square foot of $412, indicating the value of the property in the market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,200,000
- Address: 655 Northwest 128th Street
- Market: North Miami
- Asset Type: Office
The sale was facilitated by Joel Lusky from an undisclosed agency, serving as the broker in this transaction. Joel Lusky played a key role in overseeing the successful completion of the deal.
Players
North Miami 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93