Mixed-Use Property At 85 Northeast 27th Street Sold For $14.5 Million In Miami
85 Northeast 27th Street
$14,500,000
$626/SF
Building Size
23,151 SF
Asset Type
Mixed-use
Closing
May 21, 2026
About this deal
AI
The property located at 85 Northeast 27th Street in Miami is a mixed-use asset that recently sold for $14,500,000. It encompasses a total square footage of 23,151, resulting in a price per square foot of $626.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $14,500,000
- Square Footage: 23,151
- Price Per Square Foot: $626
- Address: 85 Northeast 27th Street
- Market: Miami
- Seller's Representatives: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors
The deal was facilitated by the seller's representatives, Tony Arellano and Devlin Marinoff, who are associated with DWNTWN Realty Advisors. Their expertise contributed to the successful transaction in the Miami market.
On the Map
$14,500,000
$626/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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93