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
About this deal
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
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