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
About this deal
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
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