Siebert Financial Corp Acquires Retail Property In Miami Beach For $6.75M
SOLD
$6,750,000
Florida
See Similar DealsRetail10,453 SF
Sold 01/04/2022
SOLD
Siebert Financial Corp Acquires Retail Property In Miami Beach For $6.75M
653 Collins Avenue, Miami Beach, Florida 33139, United States
See Similar DealsRetail10,453 SF
Sold 01/04/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$645
Total Square Footage:10,453 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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