R&O 163 Investments Acquires Retail Property In Miami For $3.5M
1949 NE 163rd St, North Miami Beach, Miami-Dade, FL, USA
$3,528,000
$983/SF
Building Size
3,589 SF
Asset Type
Retail
Closing
Jul 20, 2021
About this deal
AI
The retail property located at 1949 NE 163rd St in Miami has been sold in a recent transaction. The property spans a total area of 3,589 square feet and was sold for a total price of $3,528,000, resulting in a price per square foot of $983.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,528,000
- Address: 1949 NE 163rd St
- Market: Miami
The buyer of the property is R&O 163 Investments LLC, while the seller is Zachary Sohn.
The retail sale at 1949 NE 163rd St, North Miami Beach, Miami-Dade, FL, USA in North Miami Beach, Florida sold for $3.5M in 2021. The building is 3,589 square feet, implying about 983 per square foot on the published price. This page is the North Miami Beach, Florida file for the 1949 NE 163rd St, North Miami Beach, Miami-Dade, FL, USA retail sold: pricing, party profiles, and other closed retail comps from the same North Miami Beach sit in the Market section below. Filter that North Miami Beach retail set by closing date to see what else sold near 1949 NE 163rd St, North Miami Beach, Miami-Dade, FL, USA around 2021. Published consideration for 1949 NE 163rd St, North Miami Beach, Miami-Dade, FL, USA is $3.5M, dated 2021. Cite this R&O 163 Investments Acquires Retail Property In Miami For $3.5M sale when underwriting similar retail product around North Miami Beach, Florida.
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