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
About this deal
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.
On the Map
$14,000,000
Retail
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Players
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