Yordy Ponce Purchases Retail Property From Stamata K Ioannides For $1.8M In Miami
3241 Northwest 7th Street
$1,800,000
$279/SF
Building Size
6,451 SF
Asset Type
Retail
Closing
Dec 5, 2024
AI
The property involved in this transaction is a retail asset located at 3241 Northwest 7th Street in the Miami market. It was sold for a transaction amount of $1,800,000, and encompasses a total square footage of 6,451, yielding a price per square foot of $279.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000
- Square Footage: 6,451
- Price per Square Foot: $279
- Buyer: Yordy Ponce
- Seller: Stamata K Ioannides
- Brokers: Ashleen Cruz & Alessandro Lima - Fausto Commercial Realty Consultants
- Date of Transaction: 12/05/2024
The transaction was facilitated by brokers Ashleen Cruz and Alessandro Lima, representing Fausto Commercial Realty Consultants. Yordy Ponce is the buyer of the property, while Stamata K Ioannides acted as the seller in this transaction.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93