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1691 Michigan Avenue

Jill Hertzberg Of Jills Zeder Group Leases 8000 Square Feet Office In Miami Beach From Robert Rivani
LEASEDOffice

Jill Hertzberg Of Jills Zeder Group Leases 8000 Square Feet Office In Miami Beach From Robert Rivani

1691 Michigan Avenue

Building Size

8,000 SF

Asset Type

Office

Closing

Mar 16, 2026

AI

The property involved in this transaction is an office asset located at 1691 Michigan Avenue, Miami Beach. It encompasses a total of 8,000 square feet and is part of a larger building that spans 163,000 square feet, with 80% currently leased.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 1691 Michigan Avenue
  • Market: Miami Beach
  • Landlord: Robert Rivani - Black Lion
  • Tenant: Jill Hertzberg - Jills Zeder Group

Jills Zeder Group, which is affiliated with Coldwell Banker Realty, has leased the office space, relocating from its previous address at 1682 Jefferson Avenue. This move marks a consolidation of Coldwell Banker’s presence in South Beach.

Players

Robert Rivani

Black Lion

Landlord

$486M

vol

52 deals

Landlord
Jill Hertzberg

Jill Hertzberg

Coldwell Banker

Tenant

$2.4B

vol

90 deals

Tenant

Miami Beach Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93