Gil Grafi Of United Realty Group Acquires Retail Property In North Miami Beach For $4.075M
335 Northeast 167th Street, Miami, FL, USA
$4,075,000
$247/SF
Building Size
16,458 SF
Asset Type
Retail
Closing
Jul 9, 2020
About this deal
AI
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
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