South Florida Kosher Meats Acquires Retail Property In North Miami Beach For $1.1M
SOLD
$1,100,000
Florida
See Similar DealsRetail2,533 SF
Sold 04/29/2022
SOLD
South Florida Kosher Meats Acquires Retail Property In North Miami Beach For $1.1M
1420 Northeast 163rd Street, North Miami Beach, Florida 33162, United States
See Similar DealsRetail2,533 SF
Sold 04/29/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$434
Total Square Footage:2,533 SF
Transaction Type:Sale
Located at 1420 NE 163rd St in North Miami Beach, this retail property was recently sold. The transaction took place on April 29, 2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $1,100,000
- Square Footage: 2,533
- Price per Square Foot: $434
- Buyer: South Florida Kosher Meats - Yitzschok Spalter
- Brokers: Juan Andres Nava & Josh Rosa - Metro 1
South Florida Kosher Meats, represented by Yitzschok Spalter, acquired this retail property. The transaction was facilitated by brokers Juan Andres Nava and Josh Rosa from Metro 1.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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