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1110 Northwest North River ...

Conrad Yohan De Armas Leases Mixed-Use Space At 1100 & 1110 Northwest North River Drive In Miami
LEASEDSingle Family Residence

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

Aaron DeMayo

Broker

$2.5M

vol

2 deals

Broker
Babba Joshua Yesharim

Babba Joshua Yesharim

Landlord

$107.5M

vol

28 deals

Landlord

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Lease transactions

Loading comparables…

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