Siebert Financial Corp Acquires Retail Property In Miami Beach For $6.75M
653 Collins Avenue, Miami Beach, Florida 33139, United States
$6,750,000
$645/SF
Building Size
10,453 SF
Asset Type
Retail
Closing
Jan 3, 2022
About this deal
AI
The retail property located at 653 Collins Ave in Miami Beach has been sold for $6,750,000. The property spans across 10,453 square feet, resulting in a price per square foot of $645.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,750,000
- Square Footage: 10,453
- Price per Square Foot: $645
- Address: 653 Collins Ave, Miami Beach
- Buyer: Siebert Financial Corp
- Seller: City National Bank Of Florida Trust
Siebert Financial Corp was represented by their broker in this transaction.
The retail sale at 653 Collins Avenue, Miami Beach, Florida 33139, United States in Miami Beach, Florida sold for $6.8M in 2022. The building is 10,453 square feet, implying about 645 per square foot on the published price. This page is the Miami Beach, Florida file for the 653 Collins Avenue, Miami Beach, Florida 33139, United States retail sold: pricing, party profiles, and other closed retail comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach retail set by closing date to see what else sold near 653 Collins Avenue, Miami Beach, Florida 33139, United States around 2022. Published consideration for 653 Collins Avenue, Miami Beach, Florida 33139, United States is $6.8M, dated 2022. Cite this Siebert Financial Corp Acquires Retail Property In Miami Beach For $6.75M sale when underwriting similar retail product around Miami Beach, Florida.
Players
Miami Beach 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93