Moishe Mana Acquires Retail Property In Miami From Margaret Wang For $2.75M
140 Northeast 1st Avenue
$2,750,000
$269/SF
Building Size
10,211 SF
Asset Type
Retail
Closing
Feb 6, 2024
AI
A retail property located at 140 Northeast 1st Avenue in Miami has been sold in a recent transaction. The property spans 10,211 square feet and was sold for a price of $2,750,000, resulting in a price per square foot of $269. The buyer in this transaction was Moishe Mana, while the seller was Margaret Wang.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,750,000
- Address: 140 Northeast 1st Avenue, Miami
- Market: Miami
The deal was facilitated by the brokers Jonathan De LaRosa and Ryan Shaw, who represented the buyer and seller, respectively. They are affiliated with Marcus & Millichap.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93