Moishe Mana Acquires Retail Property In Miami For $7.3M
118 East Flagler Street, Miami, Florida 33131, United States
$7,300,000
$688/SF
Building Size
10,600 SF
Asset Type
Retail
Closing
May 25, 2022
About this deal
AI
The property asset involved in the transaction is located at 118 Flagler Street in Miami, classified as retail space. It was sold for a total price of $7,300,000, encompassing 10,600 square feet, which equates to a price per square foot of $689.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,300,000
- Square Footage: 10,600
- Price per Square Foot: $689
- Buyer: Moishe Mana
- Seller: M. O. M. Realty Corp - Marshall Kaplan & Olivia Halpern
- Date of Transaction: 05/26/2022
The transaction featured Moishe Mana as the buyer, while the seller was represented by M. O. M. Realty Corp, specifically by Marshall Kaplan and Olivia Halpern. These key individuals facilitated the deal, ensuring its successful completion.
Players
Miami 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93