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
About this deal
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.
The retail sale at 1025 71st Street, Miami Beach, Florida 33141, United States in Miami Beach, Florida sold for $1.8M in 2022. The building is 2,562 square feet, implying about 702 per square foot on the published price. Benjamin (Ben) Silver, Matis Cohen, CBRE appear on the sale alongside CBRE. This page is the Miami Beach, Florida file for the 1025 71st Street, Miami Beach, Florida 33141, United States retail sold: pricing, party profiles, and other closed retail comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach retail set by closing date to see what else sold near 1025 71st Street, Miami Beach, Florida 33141, United States around 2022. Published consideration for 1025 71st Street, Miami Beach, Florida 33141, United States is $1.8M, dated 2022. Cite this Matis Cohen Acquires Retail Property In Miami Beach For $1.8M sale when underwriting similar retail product around Miami Beach, Florida.
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