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
About this deal
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.
On the Map
$3,179,000
Retail
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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
4.99%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93