Joseph & Lewis Weinberger Sell Office Building In Miami For $2.95M
14 NW 1st Ave Miami, FL 33130, USA
$2,950,000
$288/SF
Building Size
10,241 SF
Asset Type
Office
Closing
Jun 28, 2023
About this deal
AI
A 10,241 square foot office property located at 14 Northwest 1st Avenue in Miami has been sold for a total price of $2,950,000. The property, with a price per square foot of $288, was sold by Joseph & Lewis Weinberger.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,950,000
- Square Footage: 10,241
- Price per Square Foot: $288
- Address: 14 Northwest 1st Avenue, Miami
- Seller: Joseph & Lewis Weinberger
Represented by Fabio Faerman, Sebastian Faerman, and Eduardo Citcioglu from FA Commercial, the deal successfully closed on 06/28/2023.
Players
Miami 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93