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1600 79th Street, Miami Bea...

Sunbeam Television Acquires Retail Property In North Bay Village For $14M
SOLDRetail

Sunbeam Television Acquires Retail Property In North Bay Village For $14M

1600 79th Street, Miami Beach, Florida 33141, United States

$14,000,000

Building Size

Asset Type

Retail

Closing

Dec 21, 2021

AI

Andy Ansin of Sunbeam Television has acquired two retail properties at 1600 and 1624 79th Street Causeway in North Bay Village. The properties were sold by Sofik and Iris Martayan of Baymar Hotels & Properties for a total price of $14,000,000. The deal was facilitated by Samuel Heskiel and Marilina Apfelbaum of Beachfront Realty Commercial Division.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $14,000,000
  • Date: 12/22/2021
  • Address: 1600 & 1624 79th Street Causeway
  • Market: North Bay Village

The acquisition of these retail properties by Andy Ansin of Sunbeam Television was made possible through the efforts of Samuel Heskiel and Marilina Apfelbaum, representing Beachfront Realty Commercial Division. This transaction marks a significant investment in the North Bay Village retail market.

Players

Marilina Apfelbaum

Beachfront Realty

Broker

$226.6M

vol

19 deals

Broker
Andy Ansin

Andy Ansin

Buyer

$85.7M

vol

7 deals

Buyer

Miami Beach 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93