Ryan Manoocheri Acquires Mixed-Use Asset On Washington Avenue In Miami Beach For $10M
1200 Washington Avenue
$10,000,000
$323/SF
Building Size
30,874 SF
Asset Type
Mixed-use
Closing
Jul 31, 2026
About this deal
AI
Ryan Manoocheri has acquired a mixed-use asset located at 1200 Washington Avenue in Miami Beach for $10,000,000. The property spans 30,874 square feet, translating to a price per square foot of $323. The asset will be reintroduced as Makom Miami Beach and is situated in a prime location known for its high traffic and visibility.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 1200 Washington Avenue
- Market: Miami Beach
- Square Footage: 30,874
- Price per Square Foot: $323
- Buyer: Ryan Manoocheri
The deal reflects a significant investment in the area's real estate market, with plans for substantial renovations scheduled for completion in the first quarter of 2027. This transaction marks an entry point into one of the most sought-after corridors in Miami Beach.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93