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
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