Ofer Mizrahi Acquires Store In Miami, FL From Steven J. Karvellas For $6M
7251 Northeast 2nd Avenue, Miami, Florida 33138, United States
$6,000,000
$312/SF
Building Size
19,205 SF
Asset Type
Retail
Closing
Apr 4, 2022
About this deal
AI
The store located at 7251 NE 2nd Ave in Miami, FL has been sold. The transaction took place on April 5, 2022. The property spans a total of 19,205 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $312.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $6,000,000
- Address: 7251 NE 2nd Ave, Miami, FL
- Square Footage: 19,205
- Price per Square Foot: $312
Ofer Mizrahi was the buyer of the property, while Steven J. Karvellas served as the seller. Additional information regarding the deal, including any brokers involved, was not provided.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93