Mohammad Bhuiyan Acquires Retail Buildings In Homestead From 1106 LLC For $2.6M
1122 North Flagler Avenue
$2,602,250
$252/SF
Building Size
10,308 SF
Asset Type
Retail
Closing
Apr 21, 2025
About this deal
AI
The property is a retail asset located at 1106-1122 North Flagler Avenue in Homestead, consisting of three retail buildings totaling 10,308 square feet on a 0.87-acre lot. The sale price was $2,602,250, which translates to a price per square foot of $252.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,602,250
- Address: 1106-1122 North Flagler Avenue
- Market: Homestead
- Acres: 0.87
- Buyer: Mohammad Bhuiyan
- Seller: 1106, LLC
- Buyer's Representative: Faisal Awan & Fuad Azadi - Realty One Group Plus
- Seller's Representative: Craig Merlin & Edward Schmidt - NAI Miami | Fort Lauderdale
- Square Footage: 10,308
- Price Per Square Foot: $252
NAI Miami | Fort Lauderdale facilitated the transaction, representing the seller. The income-producing property presents future redevelopment potential, with the buyer represented by Realty One Group Plus.
Players
Homestead 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93