Hersel Myers & Jason Myers Acquire Retail Property In Miami For $3.75M
4201 NW 2nd Ave, Miami, FL, USA
$3,750,000
$672/SF
Building Size
5,574 SF
Asset Type
Retail
Closing
Sep 30, 2021
About this deal
AI
The retail property located at 4201 NW 2nd Ave in Miami has been sold for a transaction price of $3,750,000. The property spans across 5,574 square feet, resulting in a price per square foot of $673.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,750,000
- Square Footage: 5,574
- Price Per Square Foot: $673
The buyers, Hersel Myers and Jason Myers, have acquired the property from the seller, Karen Reiter. No additional information about the deal participants or the details of the transaction was provided.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93