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
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