Chariff Realty Group Miami Brokers Sell Miami Retail Property For $1.8M On NW 7th Ave
SOLD
Florida
See Similar DealsRetail4,231 SF
Sold 04/26/2023
SOLD
Chariff Realty Group Miami Brokers Sell Miami Retail Property For $1.8M On NW 7th Ave
4901 NW 7th Ave
See Similar DealsRetail4,231 SF
Sold 04/26/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$425
Total Square Footage:4,231 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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