Richard Salter Acquires Store On 101 NE 2nd Ave In Miami For $6M
101 Northwest 2nd Avenue, Miami, Florida 33127, United States
$6,000,000
$629/SF
Building Size
9,539 SF
Asset Type
Retail
Closing
Apr 6, 2022
About this deal
AI
The store located at 101 NE 2nd Ave in Miami, FL has been sold in a closed transaction on April 7, 2022. The property, spanning 9,539 square feet, was purchased by Richard Salter from the seller, Elliot Antebi, for a total price of $6,000,000. With a price per square foot of $629, this store presents a valuable investment opportunity in the Miami market.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $6,000,000
- Property Size: 9,539 square feet
- Price per Square Foot: $629
- Address: 101 NE 2nd Ave, Miami, FL
- Market: Miami, FL
Richard Salter emerged as the buyer in this transaction, while Elliot Antebi acted as the seller. This successful deal showcases the expertise and negotiation skills of both parties' representatives in finalizing the sale of this store.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93