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335 Northeast 167th Street,...

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

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

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

Americo D'Agostini

Broker

$38.4M

vol

6 deals

Broker

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