Matis Cohen Acquires Retail Property In Miami Beach For $1.8M
SOLD
$1,800,000
Florida
See Similar DealsRetail2,562 SF
Sold 04/15/2022
SOLD
Matis Cohen Acquires Retail Property In Miami Beach For $1.8M
1025 71st Street, Miami Beach, Florida 33141, United States
See Similar DealsRetail2,562 SF
Sold 04/15/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$702
Total Square Footage:2,562 SF
Transaction Type:Sale
The retail property located at 1025 71st St in Miami Beach has been sold for $1,800,000. The property spans 2,562 square feet, resulting in a price per square foot of $703. The transaction took place on April 15, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,800,000
Matis Cohen acquired the property from Elias Zaga Hop. The sale was facilitated by Benjamin H. Silver of CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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