Benjamin Weprin Of AJ Capital Partners Acquires Retail Property In Miami For $3,179,000
SOLD
$3,179,000
Florida
See Similar DealsRetail
Sold 02/15/2022
SOLD
Benjamin Weprin Of AJ Capital Partners Acquires Retail Property In Miami For $3,179,000
51 Nw 71st St
See Similar DealsRetail
Sold 02/15/2022
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 51 Nw 71st St in Miami. The transaction was finalized at a price of $3,179,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,179,000.00
- Sale Date: 02/15/2022
- Address: 51 Nw 71st St
- Market: Miami
- Seller: Jaimini Mehta
- Buyer: Benjamin Weprin (AJ Capital Partners)
- Broker: Tony Arellano (DWNTWN Realty Advisors)
In this transaction, Jaimini Mehta served as the seller, while Benjamin Weprin represented the buyer, AJ Capital Partners. The broker facilitating the deal was Tony Arellano from DWNTWN Realty Advisors, who acted on behalf of the transaction's parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,546.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,294.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,070.08
Annual Debt Service$180,840.98
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