Jay Solowsky & Steven Perricone Sell Mixed-Use Property At 5570 Northeast 4th Avenue For $7M
5570 Northeast 4th Avenue
$7,000,000
$538/SF
Building Size
13,000 SF
Asset Type
Mixed-use
Closing
Jul 2, 2026
AI
The property involved in this transaction is a mixed-use asset located at 5570 Northeast 4th Avenue in the Upper East Side of Miami. The sale price for the property was $7,000,000, and it encompasses a total area of 13,000 square feet, resulting in a price per square foot of $538.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Address: 5570 Northeast 4th Avenue
- Market: Upper East Side, Miami
- Total Square Feet: 13,000
- Price Per Square Foot: $538
- Seller: Jay Solowsky & Steven Perricone
- Brokers: Alfredo Riascos & Mateo Romero - Gridline Properties
Alfredo Riascos and Mateo Romero represented Gridline Properties in this transaction, facilitating the deal for seller Jay Solowsky and Steven Perricone. Their involvement highlights the brokerage's role in successfully concluding the transaction within the specified market.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93