Amy Gonzalez Buys Retail Space At 1515 Northwest 7th Street For $2.975M With Representation From Marcus & Millichap
1515 Northwest 7th Street
$2,975,000
$1,135/SF
Building Size
2,620 SF
Asset Type
Retail
Closing
Nov 12, 2024
AI
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:
- Property Type: Retail
- Transaction Amount: $2,975,000
- Address: 1515 Northwest 7th Street
- Market: Miami
- Square Footage: 2,620
- Price per Square Foot: $1,135
- Buyer: Amy Gonzalez
- Seller: Joseph Cohen
- Buyer's Representative: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap
- Seller's Representative: Jarett Zackman & Michael Talbert - Horvath & Tremblay
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
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
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93