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Gil Grafi Of United Realty Group Acquires Retail Property In North Miami Beach For $4.075M

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SOLD
$4,075,000

Florida

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Retail16,458 SF
Sold 07/09/2020
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Property Image
SOLD

Gil Grafi Of United Realty Group Acquires Retail Property In North Miami Beach For $4.075M

335 Northeast 167th Street, Miami, FL, USA

See Similar Deals
Retail16,458 SF
Sold 07/09/2020
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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 167 Street in North Miami Beach has been sold for a total price of $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 sale was facilitated by Americo D`Agostini and Domenico Albano from A&D Group Realty, who represented the seller. Gil Grafi from United Realty Group acted as the buyer's representative in the deal.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,075,000
  • Address: 335 NE 167 Street
  • Market: North Miami Beach

The deal involved the expertise of Gil Grafi from United Realty Group, who represented the buyer in the transaction. Meanwhile, Americo D`Agostini and Domenico Albano from A&D Group Realty played the crucial role of representing the seller. The successful sale of the retail property highlights the collaboration between these key individuals and companies.

Players

6 deals$38.4M volume
BROKER

Domenico Albano
7 deals$35.7M volume
BROKER

Gil Grafi
2 deals$8.2M volume
BROKER

Details

SOLD
IMAGE: Domenico Albano & Americo D`Agostini DATE: 07/09/2021 ADDRESS: 335 NE 167 Street MARKET: North Miami Beach ASSET TYPE: Retail BUYER'S REP: Gil Grafi - United Realty Group SELLER'S REP: Americo D`Agostini & Domenico Albano - A&D Group Realty SALE PRICE: $4,075,000 SF: 16,458 ~ PPSF: $248

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,477.63
Cash-on-Cash Return-1.27%
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