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1900 Northeast Miami Court

Updated Apr 1, 2025

Bilt advertisement
SOLDOffice

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:

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.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

156 deals

Broker

Doug Levine

Seller

$114.5M

vol

13 deals

Seller

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $539 per square foot on a published $23.5M for 43,559 square feet (2025).

Visit Devlin Marinoff to view all their deals.

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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

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