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1536 NW 36 St

Barry Leventhal Of Allapattah Investments Acquires Retail Property In Miami For $4M
SOLDRetail

Barry Leventhal Of Allapattah Investments Acquires Retail Property In Miami For $4M

1536 NW 36 St

$4,000,000

$82/SF

Building Size

48,240 SF

Asset Type

Retail

Closing

Sep 16, 2024

AI

The transaction involves the sale of a retail property located at 1536 - 1600 NW 36 St & 1535 NW 35 St in the Miami market. The asset was sold for $4,000,000 and encompasses a total square footage of 48,240, with a price per square foot of $82. The building also has a building square footage of 18,386 and a price per building square foot of $218.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,000,000
  • Buyer: Barry Leventhal - Allapattah Investments 1
  • Seller: James A. Goldsmith - Gator 6200 - 6212 NE 2nd Ave
  • Broker: Martin Bravo - APEX Capital Realty

Martin Bravo of APEX Capital Realty facilitated the transaction, representing the broker’s interests in the sale. APEX Capital Realty specializes in identifying and creating unique opportunities in the South Florida market.

Players

Martin Bravo

APEX Capital Realty

Broker

$28.6M

vol

8 deals

Broker

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93