Joseph S. Caruso & Jeff Krinsky Acquire Church In Miami, FL For $20M
SOLD
$20,000,000
Florida
See Similar DealsOther16,935 SF
Sold 01/07/2022
SOLD
Joseph S. Caruso & Jeff Krinsky Acquire Church In Miami, FL For $20M
256 Northeast 19th Street, Homestead, Florida 33030, United States
See Similar DealsOther16,935 SF
Sold 01/07/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$1,181
Total Square Footage:16,935 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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