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385 Northeast 79th Street

CH Investments Acquires Mixed-use Property In Miami From Avra Jain & Joe Del Vecchio For $2M
SOLDMixed-use

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

George Belesis

DWNTWN Realty Advisors

Broker

$52.7M

vol

17 deals

Broker
DWNTWN Realty Advisors
DWNTWN Realty AdvisorsBrokerage

Avra Jain

Seller

$76.2M

vol

12 deals

Seller

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