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335 Northeast 167th Street,...

A&D Group Realty Sells Retail Property In North Miami Beach For $4.1M
SOLDRetail

A&D Group Realty Sells Retail Property In North Miami Beach For $4.1M

335 Northeast 167th Street, Miami, FL 33162

$4,075,000

$247/SF

Building Size

16,458 SF

Asset Type

Retail

Closing

Jul 9, 2020

AI

The retail property located at 335 NE 167th Street in North Miami Beach has been sold for $4,075,000. The property spans across 16,458 square feet, resulting in a price per square foot of $248. The transaction took place on July 9, 2021. The seller, Americo D'Agostini & Domenico Albano, represented by A&D Group Realty, successfully closed the deal.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,075,000
  • Address: 335 NE 167th Street, North Miami Beach
  • Market: North Miami Beach
  • Square Footage: 16,458
  • Price per Square Foot: $248

Gil Grafi from United Realty Group served as the broker for this property transaction. Gil Grafi worked on behalf of the seller, Americo D'Agostini & Domenico Albano, to successfully negotiate and close the deal.

Players

Gil Grafi

Broker

$8.2M

vol

2 deals

Broker
Domenico Albano

Domenico Albano

Seller

$35.7M

vol

7 deals

Seller

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

3.89%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93