Sam Sami Acquires Office Condo In Bay Harbor Islands From Alex Pizzorni For $1.4M
1111 96th Street
Building Size
1,400 SF
Asset Type
Office
Closing
Apr 21, 2026
AI
An office asset located at 1111 96th Street in Bay Harbor Islands was involved in a transaction. The property encompasses 1,400 square feet and is situated in a market known for its limited supply of office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1111 96th Street
- Market: Bay Harbor Islands
- Buyer: Sam Sami
- Seller: Alex Pizzorni
- Broker: Jake Gale - Jacob E. Gale LLC
Jake Gale represented the buyer in this transaction, which marks another office condo trade at Concourse Plaza. The buyer completed a 1031 exchange within one of South Florida's highly constrained submarkets.
Players
Surfside Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
31.10%
Cash-on-Cash
-8.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93