CH Investments Acquires Mixed-use Property In Miami From Avra Jain & Joe Del Vecchio For $2M
385 Northeast 79th Street
$2,000,000
$331/SF
Building Size
6,042 SF
Asset Type
Mixed-use
Closing
Aug 27, 2025
AI
A mixed-use property located at 385 Northeast 79th Street in the Miami market was sold for $2,000,000. The asset encompasses a total square footage of 6,042, resulting in a price per square foot of $331.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Address: 385 Northeast 79th Street
- Market: Miami
- Square Footage: 6,042
- Price Per Square Foot: $331
- Buyer: CH Investments
- Seller: Avra Jain & Joe Del Vecchio
- Broker: George Belesis - DWNTWN Realty Advisors
The buyer of the property, CH Investments, acquired the asset from sellers Avra Jain and Joe Del Vecchio. The transaction was facilitated by broker George Belesis, representing DWNTWN Realty Advisors in the deal.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93