facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

2219 Biscayne Boulevard, Mi...

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

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

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$201.5M

vol

59 deals

Broker
APEX Capital Realty
APEX Capital RealtyBrokerage

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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