Steve Rhodes Sells Mixed-Use Property In Wynwood Miami For $25 Million With Rep Tony Arellano & Devlin Marinoff
2085 Northwest 2nd Avenue, 2121 Northwest 2nd Avenue & 172 Northwest 21st Street
$25,000,000
$650/SF
Building Size
6,250 SF
Asset Type
Mixed-use
Closing
Jan 14, 2026
About this deal
AI
The mixed-use property located at 2085 Northwest 2nd Avenue, 2121 Northwest 2nd Avenue & 172 Northwest 21st Street in Wynwood, Miami has a total square footage of 6,250. The sale price for this asset was $25,000,000, which translates to a price per square foot of $4,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $25,000,000
- Address: 2085 Northwest 2nd Avenue, 2121 Northwest 2nd Avenue & 172 Northwest 21st Street
- Market: Wynwood, Miami
- Square Footage: 6,250
- Price per Square Foot: $4,000
- Seller: Steve Rhodes
- Buyer's Representative: Jason Abitbol - APEX Capital Realty
- Seller's Representatives: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors
This transaction involved significant participation from key individuals in the real estate sector, highlighting the collaborative effort between the buyer’s representative, Jason Abitbol from APEX Capital Realty, and the seller's representatives, Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors.
On the Map
$25,000,000
$650/SF
Mixed-use
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Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93