Suresh J. Tewani & Vimla J. Tewani Acquire Retail Property In Miami, FL For $6.4M
2125 Northwest 20th Street, Miami, Florida 33142, United States
$6,377,500
$324/SF
Building Size
19,680 SF
Asset Type
Retail
Closing
Aug 23, 2022
About this deal
AI
The retail property located at 2125 NW 20th St in Miami, FL was sold on August 24, 2022. The property spans a total of 19,680 square feet with a price per square foot of $324. The transaction amount was $6,377,500. The seller of the property was David S. Gold.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,377,500
- Address: 2125 NW 20th St, Miami, FL
- Square Footage: 19,680
- Price per Square Foot: $324
The buyer of the property was Suresh J. Tewani & Vimla J. Tewani. They were represented by their broker, NAME - AGENCY.
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
2.49%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93