Richard Capote Acquires Retail Property At 1167 West 37th Street For $3.25M
1167 West 37th Street
$3,250,000
$402/SF
Building Size
8,070 SF
Asset Type
Retail
Closing
Nov 1, 2024
AI
The property involved in the transaction is located at 1167 West 37th Street in the Hialeah market. It is a retail asset with a sale price of $3,250,000. The property encompasses a total area of 8,070 square feet, translating to a price per square foot of $402.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,250,000
- Sale Date: 11/01/2024
- Buyer: Richard Capote
- Seller: Mitchel Sabina
- Buyer’s Representative: Giscard Leiva - Alpha International Real Estate
- Seller’s Representative: Brandon Dagnesses - Dags Group & Associates
The transaction was executed with representation from Giscard Leiva of Alpha International Real Estate for the buyer, Richard Capote, and Brandon Dagnesses of Dags Group & Associates representing the seller, Mitchel Sabina, ensuring a professional handling of the deal.
Players
Hialeah 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93