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Amy Gonzalez Buys Retail Space At 1515 Northwest 7th Street For $2.975M With Representation From Marcus & Millichap

Property Image
SOLD
$2,975,000
Eduardo "Eddie" Toledo
Michael Talbert
+ 1

Florida

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Retail2,620 SF
Sold 11/12/2024
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Property Image
SOLD

Amy Gonzalez Buys Retail Space At 1515 Northwest 7th Street For $2.975M With Representation From Marcus & Millichap

1515 Northwest 7th Street

See Similar Deals
Retail2,620 SF
Sold 11/12/2024
Eduardo "Eddie" Toledo
Michael Talbert
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,135
Total Square Footage:2,620 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 1515 Northwest 7th Street in the Miami market. The sale price for the property was $2,975,000, with a total square footage of 2,620, resulting in a price per square foot of $1,135.

Summary of transaction details:

The deal featured representatives from notable real estate firms, with Jonathan De La Rosa and Eduardo Toledo representing the buyer, Amy Gonzalez, while the seller, Joseph Cohen, was represented by Jarett Zackman and Michael Talbert. Both representative teams are affiliated with Marcus & Millichap and Horvath & Tremblay, respectively.

Players

Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER

Eduardo "Eddie" Toledo
Marcus & Millichap
70 deals$346.7M volume(786) 522-7047
BROKER

Michael Talbert
Vero Capital Group
8 deals$33.6M volume(973) 294-8249
BROKER

Michael Talbert
Vero Capital Group
8 deals$33.6M volume(973) 294-8249
BROKER

Jarett Zackman
Horvath & Tremblay
5 deals$18.4M volume(305) 728-5924
BROKER

Details

SOLD
IMAGE: Michael Talbert, Jarett Zackman, Jonathan De La Rosa & Eduardo "Eddie" Toledo DATE: 11/12/2024 ADDRESS: 1515 Northwest 7th Street MARKET: Miami ASSET TYPE: Retail BUYER: Amy Gonzalez SELLER: Joseph Cohen BUYER'S REP: Jonathan De La Rosa (@J_DLR_) & Eduardo Toledo (@EdToledo) - Marcus & Millichap (@MarcusMillichapInc) SELLER'S REP: Jarett Zackman & Michael Talbert - Horvath & Tremblay SALE PRICE: $2,975,000 SF: 2,620 ~ PPSF: $1,135 "Eddie"Toledo

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$158,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,569.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,103.02
Annual Debt Service$169,236.21