Robert Rivani Of Black Lion Acquires Mixed-use Property In Miami Beach For $31.5M
404 Washington Avenue
$31,500,000
$201/SF
Building Size
156,752 SF
Asset Type
Mixed-use
Closing
Aug 5, 2026
AI
The mixed-use property located at 404 Washington Avenue in Miami Beach spans 156,752 square feet and was acquired by Robert Rivani for $31.5 million. The asset is occupied by a blend of office and retail tenants and previously exchanged hands for $13.8 million in 1999.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $31,500,000
- Address: 404 Washington Avenue
- Market: Miami Beach, FL
- Size: 156,752 SF
- Price Per Square Foot: $201
- Buyer: Robert Rivani - Black Lion
- Seller: Julius Trump & Eddie Trump - Trump Group - Dominion Partners LP
The transaction was facilitated with representation from Robert Rivani of Black Lion, while Julius Trump and Eddie Trump from Trump Group represented the sellers, Dominion Partners LP. This acquisition expands Rivani's portfolio in the Miami Beach area, showcasing strategic growth in a prominent market.
Players
Miami Beach 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93