Moishe Mana Acquires Mixed-Use Property In Downtown Miami For $29.5M
120 Northeast 1st Street, Miami, FL 33132
$29,500,000
$327/SF
Building Size
89,994 SF
Asset Type
Mixed-use
Closing
Dec 27, 2021
About this deal
AI
A mixed-use property located at 120 NE 1st street in Downtown Miami has been sold for $29,500,000. The property spans 89,994 square feet and was sold at a price per square foot of $328. The transaction took place on December 27, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $29,500,000
- Address: 120 NE 1st street, Downtown Miami
- Market: Downtown Miami
The buyer of the property is Moishe Mana, while Rok Enterprises acted as the seller. The sale was facilitated by Mika Mattingly and Cecilia Estevez from Colliers Urban Core Division.
On the Map
$29,500,000
$327/SF
Mixed-use
View full map
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Mika Mattingly to view all their deals.
Browse Florida mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93