Matis Cohen Acquires Retail Property In Miami Beach For $1.8M
1025 71st Street, Miami Beach, Florida 33141, United States
$1,800,000
$702/SF
Building Size
2,562 SF
Asset Type
Retail
Closing
Apr 14, 2022
AI
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.
Miami Beach 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93