Andy Ansin Acquires Retail Property In North Bay Village For $14M
SOLD
$14,000,000
Florida
See Similar DealsRetail22,000 SF
Sold 12/17/2021
SOLD
Andy Ansin Acquires Retail Property In North Bay Village For $14M
1600 79th Street Causeway, North Bay Village, FL 33141
See Similar DealsRetail22,000 SF
Sold 12/17/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$636
Total Square Footage:22,000 SF
Transaction Type:Sale
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
- Property Type: Retail
- Transaction Amount: $14,000,000
- Address: 1600 79th Street, North Bay Village
- Market: North Bay Village
- Buyer: Andy Ansin
- Seller: Iris Martayan
- Brokers: Marilina Apfelbaum & Samuel Heskiel - Beachfront Realty
- Square Footage: 22,000
- Price per Square Foot: $636
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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