Conrad Yohan De Armas Leases Mixed-Use Space At 1100 & 1110 Northwest North River Drive In Miami
1110 Northwest North River Drive
$77
$77/SF
Building Size
3,400 SF
Asset Type
Single Family Residence
Closing
Feb 1, 2023
AI
The mixed-use property located at 1100 & 1110 Northwest North River Drive in Miami has been leased. The property features a total square footage of 3,600. The tenant, Conrad Yohan De Armas, has entered into a 12-month lease agreement with the landlord, Babba Yesharim, at a rental rate of $77 per square foot.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Lease
- Tenant: Conrad Yohan De Armas
- Landlord: Babba Yesharim
- Landlord's Representative: Aaron DeMayo - FI Real Estate & Mendel Fellig - Compass
- Rental Rate: $77 per square foot
- Lease Term: 12 months
The deal was facilitated by Aaron DeMayo of FI Real Estate and Mendel Fellig of Compass, who represented the landlord in the transaction. The property at 1100 NW N River Drive features a 3-bedroom and 2.5-bathroom layout, with a last asking price of $12,500. On the other hand, the property at 1110 NW N River Drive offers a 4-bedroom and 4-bathroom configuration, with a last asking price of $14,750.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
206012.99%
Cash-on-Cash
-58879.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93