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
$1,100,000
$434/SF
Building Size
2,533 SF
Asset Type
Retail
Closing
Apr 28, 2022
AI
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.
Players
North Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93