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Goldman Properties Acquires Retail Property In Miami For $5.2M

Property Image
SOLD
$5,200,000
Benjamin "Ben" Stokes
Benjamin "Ben" Bernstein
+ 1

National

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Property Image
SOLD

Goldman Properties Acquires Retail Property In Miami For $5.2M

Sold
Benjamin "Ben" Stokes
Benjamin "Ben" Bernstein
+ 1
Contact now

Summary

Transaction Type:Sale

Players

1 deal$5.2M volume
BROKER

Benjamin "Ben" Bernstein
1 deal$5.2M volume
BROKER

Jessica Goldman Srebnick
4 deals$24.1M volume
BUYER

RedSky Capital
SELLER

Details

SOLD
IMAGE: this post on Instagram   A post shared by Traded: Miami ⛱ (@tradedmiami) SALE⁠ IMAGE: Jessica Goldman Srebnick⁠ DATE: 11/24/2020⁠ ADDRESS: 2501 Northwest 5th Avenue & 413 Northwest 25th Street⁠ MARKET: Miami⁠ ASSET TYPE: Retail ⁠ BUYER: Goldman Properties – Jessica Goldman Srebnick⁠ SELLER: RedSky Capital – Ben Stokes & Ben Bernstein⁠ ⁠ PRICE: $5,200,000⁠ SF: 12,000 ~ PPSF: $433⁠ ⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83