Mathias Halac Acquires Retail Property On North Miami Beach Boulevard For $1.8M
$1,800,000
$407/SF
Building Size
4,423 SF
Asset Type
Retail
Closing
Oct 2, 2023
About this deal
AI
The retail property located at 1050 North Miami Beach Boulevard in North Miami Beach has been sold for $1,800,000. The property spans a total square footage of 4,423, resulting in a price per square foot of $407.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,800,000
- Square Footage: 4,423
- Price Per Square Foot: $407
- Address: 1050 North Miami Beach Boulevard, North Miami Beach
The buyer in this transaction is Mathias Halac, while the seller is Gulay Yener. Michael Talbert and Jarret Zackman from Horvath & Tremblay served as the seller's representatives in the deal.
Players
Market 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