Purchases Office Property From Doug Levine For $23.5 Million In Miami
1900 Northeast Miami Court
$23,500,000
$539/SF
Building Size
43,559 SF
Asset Type
Office
Closing
Feb 27, 2025
About this deal
AI
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:
- Property Type: Office
- Transaction Amount: $23,500,000
- Address: 1900 Northeast Miami Court
- Market: Miami
- Square Footage: 43,559
- Price per Square Foot: $539
- Buyer:
- Seller: Doug Levine
- Buyer's Representative: Jason Abitbol - APEX Capital Realty
- Seller's Representatives: Devlin Marinoff & Tony Arellano - DWNTWN Realty Advisors
The transaction involved notable representatives in the real estate industry, with Jason Abitbol from APEX Capital Realty acting on behalf of the buyer, . 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.
On the Map
$23,500,000
$539/SF
Office
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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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93