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
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