Mostafa Setayesh Acquires Automotive Property In Miami For $4.7M
10220 Northwest 27th Avenue, Miami, Florida 33142, United States
$4,700,000
$1,540/SF
Building Size
3,052 SF
Asset Type
Other
Closing
Feb 15, 2022
About this deal
AI
The automotive property located at 10220 NW 27th Ave in Miami, FL has been sold. The transaction took place on February 16, 2022. The property spans 3,052 square feet and was sold for a price of $4,700,000, resulting in a price per square foot of $1,539. The buyer of the property is Mostafa Setayesh, while the seller is Alfred Vargas.
Summary of transaction details
- Property Type: Automotive
- Transaction Amount: $4,700,000
- Square Footage: 3,052
- Price per Square Foot: $1,539
- Address: 10220 NW 27th Ave, Miami, FL
- Market: Miami, FL
- Buyer: Mostafa Setayesh
- Seller: Alfred Vargas
This transaction showcases the involvement of Mostafa Setayesh as the buyer and Alfred Vargas as the seller. These individuals played key roles in the successful completion of the deal.
Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93