Jonah Wolfson Acquires Retail Property In Little Havana, Miami For $2.35M
1951 West Flagler Street, Miami, Florida 33135, United States
$2,350,000
$146/SF
Building Size
16,000 SF
Asset Type
Retail
Closing
Mar 17, 2022
About this deal
AI
A retail property located at 1951 W. Flagler Street in Little Havana, Miami has been sold. The property spans 16,000 square feet and was sold for $2,350,000, with a price per square foot of $147. The transaction took place on March 18, 2022 and involved buyer Jonah Wolfson, Esq. and seller Gilberto Nieman.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 1951 W. Flagler Street, Little Havana, Miami
- Market: Little Havana, Miami
The sale of this retail property was facilitated by brokers Manny Chamizo from Sotheby's International Realty and Carlos Villanueva from The Keyes Company.
Players
Miami 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93