Brian J. Tusa Acquires Miscellaneous Asset In North Miami Beach For $4.5M
SOLD
$4,451,455
Florida
See Similar DealsOther
Sold 04/04/2022
SOLD
Brian J. Tusa Acquires Miscellaneous Asset In North Miami Beach For $4.5M
16955 Northeast 22nd Avenue, North Miami Beach, Florida 33180, United States
See Similar DealsOther
Sold 04/04/2022
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
A property at 16955 W Dixie Hwy in North Miami Beach, FL was sold on April 4, 2022 for a price of $4,451,455. The asset type of the property is miscellaneous.
Summary of transaction details:
- Property Type: Miscellaneous
- Transaction Amount: $4,451,455
- Address: 16955 W Dixie Hwy, North Miami Beach, FL
- Buyer: Brian J. Tusa
- Seller: Alan S. Macken
Brian J. Tusa was the buyer of the property, while Alan S. Macken was the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,410.93
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,815.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,102.17
Annual Debt Service$253,226.01
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