Joseph S. Caruso & Jeff Krinsky Acquire Church In Miami, FL For $20M
256 Northeast 19th Street, Homestead, Florida 33030, United States
$20,000,000
$1,181/SF
Building Size
16,935 SF
Asset Type
Other
Closing
Jan 6, 2022
AI
A church located at 256 NE 19th St in Miami, FL was recently sold in a closed transaction for a price of $20,000,000. The property has a total square footage of 16,935, resulting in a per square foot price of $1,180.
Summary of transation details
- Property Type: Church
- Transaction Amount: $20,000,000
- Address: 256 NE 19th St, Miami, FL
- Market: Miami, FL
- Square Footage: 16,935
- Price Per Square Foot: $1,180
The buyers of the property were Joseph S. Caruso and Jeff Krinsky. The sellers were Ian Sanders. Joseph S. Caruso & Jeff Krinsky were represented in this deal by their broker.
Players
Homestead Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93