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2898 Northwest 7th Avenue, ...

Moishe Mana Acquires Retail Property In Allapattah For $16M
SOLDRetail

Moishe Mana Acquires Retail Property In Allapattah For $16M

2898 Northwest 7th Avenue, Miami, Florida 33127, United States

$16,000,000

Building Size

Asset Type

Retail

Closing

May 5, 2022

AI

The property asset involved in the transaction consists of multiple retail locations situated at 2898 Northwest Seventh Avenue, 2800, 2820, 2840 & 2850 Northwest Seventh Avenue, 728 Northwest 29th Street, 731 Northwest 28th Street, 753 Northwest Seventh Avenue, 719 Northwest 28th Street & 2810 Northwest 7th Avenue in the Allapattah market. The sale was completed for a total amount of $16,000,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $16,000,000
  • Buyer: Moishe Mana
  • Seller: Ari Dispenza, James Quinlan & Douglas H. Levine
  • Transaction Date: 05/06/2022

The key individuals involved in the transaction include Moishe Mana, representing the buyer, while the seller's team comprises Ari Dispenza, James Quinlan, and Douglas H. Levine. This deal reflects a significant move within the retail market sector of Allapattah, marking a notable transaction involving multiple asset addresses.

Players

Moishe Mana

Mana Common

Broker

$869.1M

vol

27 deals

Broker
Moishe Mana

Moishe Mana

Mana Common

Buyer

$869.1M

vol

27 deals

Buyer

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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93