Stuart Marmor Acquires Retail Property In Miami For $3.52M
SOLD
$3,520,000
Florida
See Similar DealsRetail7,391 SF
Sold 08/04/2021
SOLD
Stuart Marmor Acquires Retail Property In Miami For $3.52M
10441 NW 27th Ave, Miami, FL, USA
See Similar DealsRetail7,391 SF
Sold 08/04/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$476
Total Square Footage:7,391 SF
Transaction Type:Sale
A retail property located at 10441 NW 27th Ave in Miami has been sold for a total price of $3,520,000. The transaction took place on 08/04/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,520,000
- Address: 10441 NW 27th Ave, Miami
- Buyer: Stuart Marmor
- Seller: Daniel Abreu
Stuart Marmor acted as the buyer in this transaction, while Daniel Abreu represented the seller. Both parties successfully concluded the deal, resulting in the sale of the retail property at the specified price.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$187,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,505.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,686.60
Annual Debt Service$200,239.15
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