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7250 Northeast 4th Avenue

Bruce & Chaya Krinsky Of TOV Furniture Acquire Office Property In Miami For $2.07M
SOLDOffice

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

Juan Andres Nava

Metro 1 Commercial

Broker

$193.4M

vol

35 deals

Broker
Metro 1 Commercial
Metro 1 CommercialBrokerage
Compass
CompassBrokerage

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