Christopher And Renato Devincenzi Acquire Restaurant/Bar In Miami For $2.93M
19600 Northwest 2nd Avenue, Miami, Florida 33127, United States
$2,930,000
Building Size
—
Asset Type
Retail
Closing
Aug 24, 2022
About this deal
AI
A restaurant/bar property located at 19600 NW 2nd Ave & 19650 NW 2nd Ave in Miami, FL has been sold on August 25, 2022. The property was sold for a price of $2,930,000.
Summary of transaction details
- Property Type: Restaurant/Bar
- Transaction Amount: $2,930,000
- Address: 19600 NW 2nd Ave & 19650 NW 2nd Ave, Miami, FL
The buyer of the property is Christopher Devincezi & Renato Devincenzi. The seller of the property is Brent Ziegler.
The retail sale at 19600 Northwest 2nd Avenue, Miami, Florida 33127, United States in Miami, Florida sold for $2.9M in 2022. 19600 Northwest 2nd Avenue, Miami, Florida 33127, United States is classified as Retail on Traded. Named participants on the 19600 Northwest 2nd Avenue, Miami, Florida 33127, United States sale are Brent Ziegler. This page is the Miami, Florida file for the 19600 Northwest 2nd Avenue, Miami, Florida 33127, United States retail sold: pricing, party profiles, and other closed retail comps from the same Miami sit in the Market section below. Filter that Miami retail set by closing date to see what else sold near 19600 Northwest 2nd Avenue, Miami, Florida 33127, United States around 2022. Published consideration for 19600 Northwest 2nd Avenue, Miami, Florida 33127, United States is $2.9M, dated 2022. Cite this Christopher And Renato Devincenzi Acquire Restaurant/Bar In Miami For $2.93M sale when underwriting similar retail product around Miami, Florida.
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
5.41%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93