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2143 Northwest 1st Avenue

Eric Benaim Of Modern Spaces Leases Office At Wyncatcher I In Wynwood For 1000 SF
LEASEDOffice

Eric Benaim Of Modern Spaces Leases Office At Wyncatcher I In Wynwood For 1000 SF

2143 Northwest 1st Avenue

Building Size

1,000 SF

Asset Type

Office

Closing

Feb 25, 2026

AI

The property asset involved is an office space located at 2143 Northwest 1st Avenue in the Wynwood market, measuring 1,000 square feet. Modern Spaces signed a lease for this space, which is situated in the Wyncatcher I building. This represents the firm's first office outside New York and New Jersey.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 1,000 SF
  • Address: 2143 Northwest 1st Avenue
  • Market: Wynwood
  • Tenant: Eric Benaim
  • Company: Modern Spaces

Eric Benaim, representing Modern Spaces, plans to start with five agents in the new office space and aims to expand to about 25 employees by the end of the year. The firm will focus on development, pre-leasing, and residential sales work in South Florida.

Players

Eric Benaim

Modern Spaces

Tenant

$473.7M

vol

8 deals

Tenant

Miami 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