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1600 79th Street Causeway, ...

Andy Ansin Acquires Retail Property In North Bay Village For $14M
SOLDRetail

Andy Ansin Acquires Retail Property In North Bay Village For $14M

1600 79th Street Causeway, North Bay Village, FL 33141

$14,000,000

$636/SF

Building Size

22,000 SF

Asset Type

Retail

Closing

Dec 17, 2021

AI

A retail property located at 1600 79th Street in North Bay Village has been sold for $14,000,000. The transaction took place on December 17, 2021. The property spans 22,000 square feet, resulting in a price per square foot of $636. The buyer of the property is Andy Ansin, while the seller is Iris Martayan. The deal was facilitated by Marilina Apfelbaum and Samuel Heskiel from Beachfront Realty.

Summary of transaction details

The sale of the property was successfully facilitated by Marilina Apfelbaum and Samuel Heskiel from Beachfront Realty. Their expertise and negotiation skills contributed to the smooth completion of the transaction.

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