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375 Northeast 54th Street

Joseph Sciortino Acquires Mixed-use Property In Miami For $4.5M With Rep Max Loria
SOLDMixed-use

Joseph Sciortino Acquires Mixed-use Property In Miami For $4.5M With Rep Max Loria

375 Northeast 54th Street

$4,500,000

$515/SF

Building Size

8,729 SF

Asset Type

Mixed-use

Closing

Jan 14, 2026

AI

The property involved in this transaction is a mixed-use asset located at 375 Northeast 54th Street in Miami. The property was sold for $4,500,000 and features a total square footage of 8,729, resulting in a price per square foot of $515.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,500,000
  • Address: 375 Northeast 54th Street
  • Market: Miami
  • Square Footage: 8,729
  • Price per Square Foot: $515
  • Buyer: Joseph Sciortino
  • Seller: Timothy Lincoln
  • Buyer’s Representative: Max Loria - STL Commercial
  • Seller’s Representative: Alex Tsoulfas - STL Commercial

This transaction involved key individuals, with Joseph Sciortino as the buyer and Timothy Lincoln as the seller. The representations were facilitated by Max Loria and Alex Tsoulfas, both associated with STL Commercial, indicating a collaborative effort among brokers in this deal.

Players

Max Loria

STL Commercial

Broker

$143.5M

vol

29 deals

Broker
 STL Commercial
STL CommercialBrokerage

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93