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36 Nw 24th St

Benaim X Partners Acquires Retail Property From Douglas Levine In Miami For $23.5M
SOLDRetail

Benaim X Partners Acquires Retail Property From Douglas Levine In Miami For $23.5M

36 Nw 24th St & 38 Nw 24th St

$23,500,000

Building Size

Asset Type

Retail

Closing

Apr 24, 2024

AI

The asset involved in this transaction is a retail property located at 36 Nw 24th St in the Miami market. The sale price of the property was $23,500,000.00.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $23,500,000.00
  • Buyer: Benaim x Partners
  • Seller: Douglas Levine
  • Brokers: Tony Arellano - DWNTWN Realty Advisors
  • Sale Date: 04/24/2024

This transaction features Benaim x Partners as the buyer and Douglas Levine as the seller. Tony Arellano from DWNTWN Realty Advisors acted as the broker representing the seller in this deal.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

153 deals

Broker
BP
Benaim x PartnersBuyer

Douglas Levine

Seller

$23.5M

vol

1 deal

Seller

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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93