Alejandro Kacheroff Purchases Retail Property From Diego Ojeda For $1.9 Million In Miami
56 Northeast 29th Street
$1,193,400
$702/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
Nov 21, 2024
AI
The retail property located at 94 NE 29th street in Miami has been sold for $1,193,400. The asset encompasses a total area of 702 square feet, resulting in a price per square foot of $1,700.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,193,400
- Address: 94 NE 29th street
- Market: Miami
- Square Footage: 702
- Price Per Square Foot: $1,700
- Buyer: Alejandro Kacheroff
- Seller: Diego Ojeda
- Brokers: Jake Lecce & Andres Andrade - Cervera Real Estate - The Rider; Ivanna Trachter - EXP Realty
The involved individuals include buyer Alejandro Kacheroff and seller Diego Ojeda. The transaction was facilitated by brokers Jake Lecce and Andres Andrade from Cervera Real Estate and The Rider, along with Ivanna Trachter from EXP Realty, highlighting the collaborative efforts in this real estate deal.
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
13.29%
Cash-on-Cash
-3.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93