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4901 NW 7th Ave

Chariff Realty Group Miami Brokers Sell Miami Retail Property For $1.8M On NW 7th Ave
SOLDRetail

Chariff Realty Group Miami Brokers Sell Miami Retail Property For $1.8M On NW 7th Ave

4901 NW 7th Ave

$1,800,000

$425/SF

Building Size

4,231 SF

Asset Type

Retail

Closing

Apr 26, 2023

AI

The retail property located at 4901 NW 7th Ave in Miami has recently been sold for $1,800,000. The transaction took place on 04/26/2023. The property spans across 4,231 square feet with a price per square foot of $425. Additionally, the lot size is 12,006 square feet, resulting in a price per lot square foot of $150.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,800,000
  • Square Footage: 4,231
  • Price per Square Foot: $425
  • Lot Size: 12,006 square feet
  • Price per Lot Square Foot: $150

Lyle Chariff, Mauricio Zapata, and Jenna Cohen from Chariff Realty Group Miami represented the parties involved in this transaction as brokers.

Players

Mauricio Zapata

Chariff Realty Group

Broker

$61.5M

vol

34 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93