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Jeffrey Kluger Acquires Retail Property On Biscayne Boulevard In Edgewater For $3.8M

Property Image
SOLD
$3,812,000

Florida

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Retail9,500 SF
Sold 06/14/2022
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Property Image
SOLD

Jeffrey Kluger Acquires Retail Property On Biscayne Boulevard In Edgewater For $3.8M

2219 Biscayne Boulevard, Miami, Florida 33137, United States

See Similar Deals
Retail9,500 SF
Sold 06/14/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$401
Total Square Footage:9,500 SF
Transaction Type:Sale

A retail property located at 2219-2229 Biscayne Boulevard in Edgewater has been sold for a total price of $3,812,000. The property consists of a lot measuring 9,500 square feet, with a price per lot square foot of $401. The building itself spans 3,092 square feet, with a price per building square foot of $1,233. The transaction took place on June 14, 2022.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $3,812,000
  • Lot Square Feet: 9,500
  • Price per Lot Square Foot: $401
  • Building Square Feet: 3,092
  • Price per Building Square Foot: $1,233

Jeffrey Kluger has acquired the property from Marc Lewin. The deal was facilitated by brokers Jamie Rose Maniscalco and Alex K. Tsoulfas, who represented both parties in the transaction. Apex Capital Realty served as the agency for the brokers involved in the deal.

Players

Jamie Rose Maniscalco
56 deals$195.6M volume
BROKER

Alexandros (Alex) Tsoulfas
 STL Commercial
28 deals$141.6M volume(305) 972-7217
BROKER

APEX Capital Realty
BROKERAGE

Details

SOLD
IMAGE: Jamie Rose Maniscalco & Alex K. Tsoulfas DATE: 06/14/2022 ADDRESS: 2219-2229 Biscayne Boulevard MARKET: Edgewater ASSET TYPE: Retail BUYER: Jeffrey Kluger SELLER: Marc Lewin BROKERS: Jamie Rose Maniscalco (@Jamie_R0se), (@Land_Deals) & Alex K. Tsoulfas (@AlexTsoulfas) - Apex Capital Realty (@ApexCapitalRealty) SALE PRICE: $3,812,000 LOT SF: 9,500 ~ PPLSF: $401 BLDG SF: 3,092 ~ PPBSF: $1,233

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

$203,306.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,543.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,070.82
Annual Debt Service$216,849.90