A&D Group Realty Sells Retail Property In North Miami Beach For $4.1M
SOLD
$4,075,000
Florida
See Similar DealsRetail16,458 SF
Sold 07/09/2020
SOLD
A&D Group Realty Sells Retail Property In North Miami Beach For $4.1M
335 Northeast 167th Street, Miami, FL 33162
See Similar DealsRetail16,458 SF
Sold 07/09/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$247
Total Square Footage:16,458 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$217,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,477.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,317.58
Annual Debt Service$231,810.95
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