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Mike Zikri Acquires Retail Property In Miami For $2.25M

Property Image
SOLD
$2,250,000
Uri Redler
Shlomo Poston
Yaacov Poston
+ 2

Florida

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Retail35,313 SF
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the dealplayerscompscontact
Property Image
SOLD

Mike Zikri Acquires Retail Property In Miami For $2.25M

5401 Northwest 2nd Avenue, 183 Northwest 54th Street & 173 NW 54th Street

See Similar Deals
Retail35,313 SF
Sold
Uri Redler
Shlomo Poston
Yaacov Poston
+ 2
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$63
Total Square Footage:35313 SF
Transaction Type:Sale

An 11,771 square-foot retail property located at 5401 Northwest 2nd Avenue, 183 NW 54th St & 173 NW 54th Street in Miami has been sold for $2,250,000. The property was sold in a closed transaction.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,250,000
  • Size: 11,771 square feet
  • Price per Square Foot: $191
  • Address: 5401 Northwest 2nd Avenue, 183 NW 54th St & 173 NW 54th Street, Miami
  • Market: Miami

The buyer in this transaction was Mike Zikri, while Arsene Omega acted as the seller. The deal was facilitated by the broker representatives Yaacov Poston, Uri Redler, Shlomo Poston, and Alon Elbaz of The Real Estate Lab.

Players

Yaacov Poston
The Real Estate Lab
Yaacov Poston
29 deals$62.1M volume
BROKER
Shlomo Poston
The Real Estate Lab
Shlomo Poston
26 deals$62.7M volume
BROKER
Uri Redler
Cervera Real Estate
Uri Redler
18 deals$48.9M volume(305) 374-3434
BROKER
Alon Elbaz
The Real Estate Lab
Alon Elbaz
4 deals$5.3M volume(919) 931-7079
BROKER
MZ
Mike Zikri
3 deals$7.3M volume
BUYER

Details

SOLD
IMAGE: Alon Elbaz, Uri Redler, Yaacov Poston & Shlomo Poston DATE: 12/15/2023 ADDRESS: 5401 Northwest 2nd Avenue, 183 NW 54th St & 173 NW 54th Street MARKET: Miami ASSET TYPE: Retail BUYER: Mike Zikri SELLER: Arsene Omega BROKERS: Yaacov Poston (@Yaacovpo), Uri Redler (@UriRedler), Shlomo Poston (@Zalman_SP) & Alon Elbaz (@AlonElbaz3) - The Real Estate Lab (@TREL.Miami) SALE PRICE: $2,250,000 SF: 11,771 ~ PPSF: $191

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77