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Mohammad Bhuiyan Acquires Retail Buildings In Homestead From 1106 LLC For $2.6M

Property Image
SOLD
$2,602,250
Edward Schmidt
Craig Merlin
Faisal Awan
+ 1

Florida

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Retail10,308 SF
Sold 04/21/2025
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Property Image
SOLD

Mohammad Bhuiyan Acquires Retail Buildings In Homestead From 1106 LLC For $2.6M

1122 North Flagler Avenue

See Similar Deals
Retail10,308 SF
Sold 04/21/2025
Edward Schmidt
Craig Merlin
Faisal Awan
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$252
Total Square Footage:10,308 SF
Transaction Type:Sale

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

Edward Schmidt
NAI Global
Edward Schmidt
5 deals$34.1M volume(786) 260-0401
BROKER
Craig Merlin
NAI Global
Craig Merlin
3 deals$7.8M volume(305) 987-4401
BROKER
Faisal Awan
Realty One Group
Faisal Awan
1 deal$2.6M volume
BROKER
Fuad Azadi
Realty One Group
Fuad Azadi
1 deal$2.6M volume(786) 613-5753
BROKER

Details

SOLD
IMAGE: Faisal Awan, Edward Schmidt, Fuad Azadi & Craig Merlin DATE: 04/21/2025 ADDRESS: 1106-1122 North Flagler Avenue MARKET: Homestead ASSET TYPE: Retail ~ ACRES: 0.87 BUYER: Mohammad Bhuiyan SELLER: 1106, LLC BUYER'S REP: Faisal Awan (@FaisalAwanre) & Fuad Azadi (@Realtor_FuadAzadi) - Realty One Group Plus SELLER'S REP: Craig Merlin (@Merlin510) & Edward Schmidt - NAI Miami | Fort Lauderdale (@NAIMiaFtL) SALE PRICE: $2,602,250 SF: 10,308 ~ PPSF: $252 NOTE: NAI Miami | Fort Lauderdale brokered the $2.6M sale of three retail buildings totaling 10,308 SF in Homestead, FL, on 0.87 acres along North Flagler Avenue. Mohammad Bhuiyan acquired the income-producing property with future redevelopment potential, represented by Realty One Group Plus.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,245.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,335.99
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