Mathias Halac Acquires Retail Property On North Miami Beach Boulevard For $1.8M
SOLD
$1,800,000
Florida
See Similar DealsRetail4,423 SF
Sold 10/02/2023
SOLD
Mathias Halac Acquires Retail Property On North Miami Beach Boulevard For $1.8M
Retail4,423 SF
Sold 10/02/2023
Summary
Asset Type:Retail
Price Per Square Foot:$407
Total Square Footage:4,423 SF
Transaction Type:Sale
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.
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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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