Lee Schwartz & Michael Yassky Of Sheridan Capital Arrange $17.25M Bridge Loan In North Miami Beach
1421 Northeast 163rd Street
$17,250,000
$44/SF
Building Size
388,000 SF
Asset Type
Retail
Closing
Mar 7, 2024
About this deal
AI
The retail property located at 1421 Northeast 163rd Street in North Miami Beach spans 350,000 square feet. The asset type is retail, and the transaction took place involving a bridge loan amounting to $17,250,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,250,000
- Address: 1421 Northeast 163rd Street
- Market: North Miami Beach
Lee Schwartz and Michael Yassky from Sheridan Capital served as the lender's representatives in this deal.
The retail loan at 1421 Northeast 163rd Street in North Miami Beach, Florida financed for $17.3M in 2024. The building is 388,000 square feet, implying about 44 per square foot on the published price. Michael Yassky, Lee Schwartz, Sheridan Capital appear on the loan alongside Sheridan Capital. This page is the North Miami Beach, Florida file for the 1421 Northeast 163rd Street retail financed: pricing, party profiles, and other closed retail comps from the same North Miami Beach sit in the Market section below. Filter that North Miami Beach retail set by closing date to see what else financed near 1421 Northeast 163rd Street around 2024. Published consideration for 1421 Northeast 163rd Street is $17.3M, dated 2024. Cite this Lee Schwartz & Michael Yassky Of Sheridan Capital Arrange $17.25M Bridge Loan In North Miami Beach loan when underwriting similar retail product around North Miami Beach, Florida.
Players
North Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael Yassky to view all their deals.
Browse North Miami Beach retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93