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.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93