Ross Krasnov Acquires North Miami Beach Retail Property For $3.5M
1925 Northeast 163rd Street, North Miami Beach, FL, USA
$3,528,000
$396/SF
Building Size
8,901 SF
Asset Type
Retail
Closing
Jul 16, 2020
About this deal
AI
The retail property located at 1925-1947 NE 163 St in North Miami Beach has been sold for a total price of $3,528,000. The transaction took place on July 16, 2021. The property spans a total area of 8,901 square feet, resulting in a price per square foot of $396. The lot on which the property is situated covers an area of 21,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,528,000
- Date: 07/16/2021
- Address: 1925-1947 NE 163 St, North Miami Beach
- Market: North Miami Beach
The buyer of the property is Ross Krasnov, while the seller is Flying Point represented by Sam Genet and Zach Sohn. The broker involved in the deal is Miguel Pinto.
Players
North 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
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93