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1801 N Krome Ave

Cristina Pelaez Acquires Office Building In Homestead For $1,499,000 From George Meroni
SOLDOffice

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

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker

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