Rjon Robins & Oscar Ferenczi Acquire Retail Property On Florida Ave, Miami For $2.1M
2801 Florida Avenue, Miami, Florida 33133, United States
$2,100,000
$495/SF
Building Size
4,236 SF
Asset Type
Retail
Closing
Jun 19, 2022
About this deal
AI
The retail property located at 2801 Florida Ave in Miami, FL has been sold in a transaction that took place on June 20, 2022. The property spans 4,236 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $495. The buyers of the property were Rjon Robins and Oscar Ferenczi, while the seller was Lino Toncic.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 2801 Florida Ave, Miami, FL
- Square Footage: 4,236
- Price per Square Foot: $495
- Buyer: Rjon Robins & Oscar Ferenczi
- Seller: Lino Toncic
This successful retail property transaction was facilitated by the buyers' representatives, Rjon Robins' & Oscar Ferenczi's brokers at their respective agencies.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93