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3241 Northwest 7th Street

Yordy Ponce Purchases Retail Property From Stamata K Ioannides For $1.8M In Miami
SOLDRetail

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:

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

Alessandro Lima

Compass

Broker

$105M

vol

28 deals

Broker

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