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
About this deal
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.
On the Map
$4,500,000
$515/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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93