SOLDOffice
Moishe Mana Purchases Office Building In Downtown Miami From Newton Ng For $4.8M
46 Southwest 1st Street
$4,800,000
$209/SF
Building Size
22,950 SF
Asset Type
Office
Closing
Oct 23, 2026
About this deal
AI
46 Southwest 1st Street is a 22,950 square foot office building located in Downtown Miami. The property was sold for $4,800,000, resulting in a price per square foot of approximately $209.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $4,800,000
- Address: 46 Southwest 1st Street
- Market: Miami
- Square Footage: 22,950
- Price per Square Foot: $209
- Buyer: Moishe Mana
- Seller: Newton Ng
- Seller's Representative: Silvia Yaniz & Manny Chamizo III - One Sotheby’s International Realty
Silvia Yaniz and Manny Chamizo III of One Sotheby’s International Realty represented seller Newton Ng in this transaction. They had previously assisted Ng in the original purchase of the building and another acquisition in Downtown Miami.
On the Map
$4,800,000
$209/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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93