Jake Waserstein Buys Retail Property In Miami From Mario Jolodosky For $3.5M
16 West Flagler Street
$3,500,000
$538/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Mar 26, 2024
About this deal
AI
The retail property located at 16 West Flagler Street in Miami was recently sold for $3,500,000. The transaction involved a 6,500 square foot asset, amounting to a price per square foot of $538.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Buyer: Jake Waserstein
- Seller: Mario Jolodosky - Grand Zodiac Realty
- Broker: Tony Ulloa - The Keyes Company
- Address: 16 West Flagler Street
- Market: Miami
Jake Waserstein was the buyer in this property sale, with Tony Ulloa from The Keyes Company serving as the broker. The seller was Mario Jolodosky of Grand Zodiac Realty, completing the transaction for the retail property in Miami.
On the Map
$3,500,000
$538/SF
Retail
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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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93