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Chariff Realty Group Brokers Sale Of Retail Asset At 196 Northwest 79th Street For $1M

Property Image
SOLD
$1,000,000
Mauricio Zapata
Lyle Chariff

Florida

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Retail2,200 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Chariff Realty Group Brokers Sale Of Retail Asset At 196 Northwest 79th Street For $1M

196 Northwest 79th Street

See Similar Deals
Retail2,200 SF
Sold
Mauricio Zapata
Lyle Chariff
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$454
Total Square Footage:2200 SF
Transaction Type:Sale

This transaction involves a retail asset located at 196 Northwest 79th Street in the Miami market. The property was sold for $1,000,000.00 and encompasses a total area of 2,200 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,000,000.00
  • Address: 196 Northwest 79th Street
  • Market: Miami
  • Square Footage: 2,200.0

The deal was facilitated by brokers Lyle Chariff and Mauricio Zapata, both representing Chariff Realty Group in this transaction.

Players

Mauricio Zapata
Chariff Realty Group
Mauricio Zapata
32 deals$61.5M volume
BROKER
Lyle Chariff
Chariff Realty Group
Lyle Chariff
32 deals$56.7M volume(305) 576-7474
BROKER

Details

SOLD
IMAGE: Mauricio Zapata & Lyle Chariff DATE: 03/20/2025 ADDRESS: 196 Northwest 79th Street MARKET: Miami ASSET TYPE: Retail BROKERS: Lyle Chariff (@LyleChariff) & Mauricio Zapata (@MauricioZapata_) - Chariff Realty Group (@Chariff) SALE PRICE: $1,000,000 SF: 2,200 ~ PPSF: $455 NOTE: A 2,200 SF retail building at 96 NW 79th St. in Miami’s Little River sold for $1M ($455 PPSF). Chariff Realty Group’s Lyle Chariff and Mauricio Zapata brokered the deal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12