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51 Nw 71st St

Benjamin Weprin Of AJ Capital Partners Acquires Retail Property In Miami For $3,179,000
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Benjamin Weprin Of AJ Capital Partners Acquires Retail Property In Miami For $3,179,000

51 Nw 71st St

$3,179,000

Building Size

Asset Type

Retail

Closing

Feb 15, 2022

AI

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.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

152 deals

Broker

Benjamin Weprin

AJ Capital Partners

Buyer

$338M

vol

5 deals

Buyer

Jaimini Mehta

Seller

$3.1M

vol

1 deal

Seller

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

4.99%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93