Yordy Ponce Purchases Retail Property From Stamata K Ioannides For $1.8M In Miami
SOLD
$1,800,000
Florida
See Similar DealsRetail6,451 SF
Sold 12/05/2024
SOLD
Yordy Ponce Purchases Retail Property From Stamata K Ioannides For $1.8M In Miami
3241 Northwest 7th Street
See Similar DealsRetail6,451 SF
Sold 12/05/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$279
Total Square Footage:6,451 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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