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
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