Gary Krat Acquires Retail Property In Allapattah For $1.1M
SOLD
$1,100,000
Florida
See Similar DealsRetail2,733 SF
Sold 11/28/2021
SOLD
Gary Krat Acquires Retail Property In Allapattah For $1.1M
2601 Northwest 7th Avenue, Miami, FL 33127
See Similar DealsRetail2,733 SF
Sold 11/28/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$402
Total Square Footage:2,733 SF
Transaction Type:Sale
In a recent closed transaction in Allapattah, a retail property located at 2601, 2611 & 2625 NW 7th Ave was sold for a price of $1,100,000. The property spans a total area of 2,733 square feet, resulting in a price per square foot of $402.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,100,000
- Square Footage: 2,733
- Address: 2601, 2611 & 2625 NW 7th Ave
- Market: Allapattah
The buyer of the property was Gary Krat, while the seller was Alfredo Borges. Carlos Fausto Miranda from Fausto Commercial represented the buyer, and Jonathan Eismann from Gridline Properties represented the seller in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
Is there something missing? Send suggestions