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
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