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G Wealth Management Purchases Office Property From Doug Levine For $23.5 Million In Miami

Property Image
SOLD
$23,500,000
Jason Abitbol
Tony Arellano
+ 1

Florida

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Office43,559 SF
Sold 02/27/2025
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Property Image
SOLD

G Wealth Management Purchases Office Property From Doug Levine For $23.5 Million In Miami

1900 Northeast Miami Court

See Similar Deals
Office43,559 SF
Sold 02/27/2025
Jason Abitbol
Tony Arellano
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$539
Total Square Footage:43,559 SF
Transaction Type:Sale

The office asset located at 1900 Northeast Miami Court in the Miami market has successfully changed hands for a sale price of $23,500,000. The property encompasses a total area of 43,559 square feet, equating to a price per square foot of $539.

Summary of transaction details:

The transaction involved notable representatives in the real estate industry, with Jason Abitbol from APEX Capital Realty acting on behalf of the buyer, G Wealth Management. The seller, Doug Levine, was represented by Devlin Marinoff and Tony Arellano from DWNTWN Realty Advisors, indicating a collaborative effort by experienced brokers in the deal.

Players

Tony Arellano
152 deals$1.6B volume
BROKER

Jason Abitbol
APEX Capital Realty
26 deals$179M volume(561) 542-3704
BROKER

Devlin Marinoff
DWNTWN Realty Advisors
51 deals$833.5M volume(917) 312-2219
BROKER

Details

SOLD
IMAGE: Jason Abitbol, Tony Arellano & Devlin Marinoff DATE: 02/27/2025 ADDRESS: 1900 Northeast Miami Court MARKET: Miami ASSET TYPE: Office BUYER: G Wealth Management SELLER: Doug Levine BUYER'S REP: Jason Abitbol (@JasonAbitbol) - APEX Capital Realty (@APEXCapitalRealty) SELLER'S REP: Devlin Marinoff (@DevlinMarinoff) & Tony Arellano (@TonyArellano2) - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) SALE PRICE: $23,500,000 SF: 43,559 ~ PPSF: $539

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,253,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87