RFR Holdings Acquires Office Building In Downtown Miami For $25M
141 NE 3rd Ave, Miami, Florida 33132, United States
$25,000,000
$562/SF
Building Size
44,431 SF
Asset Type
Office
Closing
Apr 28, 2022
About this deal
AI
The office property located at 141 NE 3rd Avenue in Downtown Miami has been sold in a recent transaction. The property, with a total area of 44,431 square feet, was acquired by RFR Holdings, represented by Michael Fuchs and Aby Rosen, for a sale price of $25,000,000. The price per square foot for this transaction was $563.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $25,000,000
- Address: 141 NE 3rd Avenue
- Market: Downtown Miami
- Buyer: RFR Holdings - Michael Fuchs & Aby Rosen
- Seller: Orli Teitelbaum
- Square Footage: 44,431
- Price per Square Foot: $563
RFR Holdings, represented by Michael Fuchs and Aby Rosen, made the purchase of this office property from Orli Teitelbaum. The transaction took place on 04/29/2022, as evidenced by the recorded Instagram post.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93