Roberto Puig Acquires Retail Property On NW 7th St In Miami For $1.4M
4351 Northwest 7th Street
$1,399,000
$352/SF
Building Size
3,964 SF
Asset Type
Retail
Closing
Oct 19, 2022
AI
The retail property located at 4351 NW 7th St in Miami has been sold for $1,399,000. The property spans a total area of 3,964 square feet, resulting in a price per square foot of $353.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,399,000
- Square Footage: 3,964
- Price per Square Foot: $353
- Address: 4351 NW 7th St, Miami
The buyer of the property is Roberto Puig, while the seller is Luis Bethencourt. Representing the buyer in the deal are Michelle Gonzalez and Kevin Gonzalez from Floridian First Realty. Maruja Gil from Keller Williams acted as the seller's representative.
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
11.34%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93