SOLDRetail
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
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.
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