Yair Levy Acquires Retail Property In Miami With $23.6M Loan
1 Northeast 1st Street, Miami, FL, USA
$23,600,000
$104/SF
Building Size
225,000 SF
Asset Type
Retail
Closing
Feb 16, 2021
AI
1 Northeast 1st Street, a retail property in Miami, was involved in a closed transaction. The property, owned by Time Century Holdings represented by Yair Levy and Dan Deutsch, attracted attention in the market. The deal included a loan from City National Bank in the amount of $23,600,000. The property spans a total of 225,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,600,000
- Address: 1 Northeast 1st Street, Miami
- Market: Miami
The key individuals involved in the deal were Yair Levy and Dan Deutsch, representing Time Century Holdings as the landlords of the property. The loan was provided by City National Bank.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93