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
About this deal
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
- 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.
On the Map
$14,000,000
$636/SF
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