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1900 Northeast Miami Court

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

G Wealth Management 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

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, 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
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

153 deals

Broker

Doug Levine

Seller

$102.1M

vol

11 deals

Seller

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