Cristina Pelaez Acquires Office Building In Homestead For $1,499,000 From George Meroni
1801 N Krome Ave
$1,499,000
$590/SF
Building Size
2,540 SF
Asset Type
Office
Closing
May 21, 2026
AI
The property asset involved in this transaction is located at 1801 North Krome Avenue in the Homestead market. This office asset was sold for $1,499,000, covering an area of 2,540 square feet, resulting in a price per square foot of $590.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,499,000
- Buyer: Cristina Pelaez
- Seller: George Meroni
- Seller's Representative: Jamie Rose Maniscalco & Steffanie Jacobson - The Alpha Commercial
- Square Footage: 2,540
- Price per Square Foot: $590
- Date of Transaction: 05/22/2026
The Alpha Commercial played a significant role in facilitating this transaction, representing the seller. They noted that the asset was traded at full asking price and went under contract within approximately one week of being listed, highlighting their strategic pricing approach aimed at fulfilling the seller's goals effectively.
Players
Homestead 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93