Kobi Karp Acquires Other Property In Wynwood For $6.7M From Seller Pippa Seichrist
29 Northwest 28th Street, Miami, FL 33127, USA
$6,700,000
$108/SF
Building Size
61,916 SF
Asset Type
Other
Closing
Jan 7, 2020
About this deal
AI
A property in Wynwood, located at 588-570 NW 29th St and 571 - 565 NW 28th St, was recently sold for a price of $6,700,000. The sale took place on January 8, 2020. This property is classified as "Other" in terms of its asset type. It spans across an area of 61,916 square feet, resulting in a price per square foot of $108.
Summary of transaction details
- Property Type: Other
- Transaction Amount: $6,700,000
- Date: 01/08/2020
- Address: 588-570 NW 29th St; 571 - 565 NW 28th St
- Market: Wynwood
- Square Footage: 61,916
- Price per Square Foot: $108
The buyer of this property is Kobi Karp, representing Kobi Karp Architecture & Interior Design. On the other hand, the seller is Advertising & Design Educational Corp, represented by Pippa Seichrist.
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93