Meir Cohen Of Cohen Equities Purchases Mixed-Use Property From Alex Karakhanian For $8.5M
SOLD
$8,500,000
Florida
See Similar DealsMixed-use5,385 SF
Sold 12/12/2025
SOLD
Meir Cohen Of Cohen Equities Purchases Mixed-Use Property From Alex Karakhanian For $8.5M
3620 Northeast 2nd Avenue
See Similar DealsMixed-use5,385 SF
Sold 12/12/2025
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$1,578
Total Square Footage:5,385 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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