Jeffrey Kluger Acquires Retail Property On Biscayne Boulevard In Edgewater For $3.8M
2219 Biscayne Boulevard, Miami, Florida 33137, United States
$3,812,000
$401/SF
Building Size
9,500 SF
Asset Type
Retail
Closing
Jun 13, 2022
AI
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
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
4.16%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93