Bruce & Chaya Krinsky Of TOV Furniture Acquire Office Property In Miami For $2.07M
7250 Northeast 4th Avenue
$2,072,700
$283/SF
Building Size
7,308 SF
Asset Type
Office
Closing
Dec 29, 2025
AI
The property involved in this transaction is an office asset located at 7250 Northeast 4th Avenue in Miami, with a sale price of $2,072,700. The total square footage of the property is 7,308, resulting in a price per square foot of $283.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,072,700
- Buyer: Bruce & Chaya Krinsky - TOV Furniture
- Seller: Carlos Borja - Little River Land Holdings
- Buyer's Representative: Sam Kafin & Isaac Kessler - Kafin Kessler Group - Compass Miami
- Seller's Representative: Juan Andres Nava & Chris Funk - Metro 1 Commercial
- Date of Transaction: 12/30/2025
- Market: Miami
TOV Furniture aims to utilize the building as an upscale showroom and office headquarters, fostering collaboration with interior designers and creative partners, and reinforcing its presence in one of Miami's prominent design districts. The investment signifies the company's confidence in maintaining a physical presence to enhance in-person connections within the industry.
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
7.65%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93