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3620 Northeast 2nd Avenue

Meir Cohen Of Cohen Equities Purchases Mixed-Use Property From Alex Karakhanian For $8.5M
SOLDMixed-use

Meir Cohen Of Cohen Equities Purchases Mixed-Use Property From Alex Karakhanian For $8.5M

3620 Northeast 2nd Avenue

$8,500,000

$1,578/SF

Building Size

5,385 SF

Asset Type

Mixed-use

Closing

Dec 11, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 3620 Northeast 2nd Avenue in the Miami market. The sale was completed for a price of $8,500,000, encompassing a total square footage of 5,385. The price per square foot stands at $1,578.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,500,000
  • Address: 3620 Northeast 2nd Avenue
  • Market: Miami
  • Square Footage: 5,385
  • Price per Square Foot: $1,578
  • Buyer: Meir Cohen - Cohen Equities
  • Seller: Alex Karakhanian - LNDMRK Properties
  • Brokers: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors

The transaction involved Meir Cohen representing Cohen Equities as the buyer and Alex Karakhanian representing LNDMRK Properties as the seller. The brokerage services were provided by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors, facilitating the transaction's completion.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

153 deals

Broker
DWNTWN Realty Advisors
DWNTWN Realty AdvisorsBrokerage

Alex Karakhanian

Seller

$337.2M

vol

20 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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93