SOLDRetail
Steven Levin Acquires Store In Miami, FL For $2.3M
9501 Southwest 40th Street, Miami, Florida 33155, United States
$2,300,000
$708/SF
Building Size
3,248 SF
Asset Type
Retail
Closing
May 18, 2022
AI
The property transaction involved a store located at 9501 SW 40th St in Miami, FL. The store spans an area of 3,248 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $708.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,300,000
- Address: 9501 SW 40th St, Miami, FL
- Market: Miami, FL
- Buyer: Steven Levin
- Seller: Jack L Herskowitz & Allan Herskowitz
- Square Footage: 3,248
- Price per Square Foot: $708
The buyer, Steven Levin, acquired the property from the sellers, Jack L Herskowitz & Allan Herskowitz.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93