David Sylvester Williams Acquires Miami Showroom From Rommey Bahhur For $5.2M
4800 Northeast 2nd Avenue
$5,200,000
$1,809/SF
Building Size
2,874 SF
Asset Type
Office
Closing
Jul 31, 2025
About this deal
AI
The property asset involved in this transaction is a luxury showroom located at 4800 Northeast 2nd Avenue in Miami. The sale price is $5,200,000, with a square footage of 2,874 and a price per square foot of $1,809. This unique asset is situated near the vibrant Miami Design District.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,200,000
- Buyer: David Sylvester Williams
- Seller: Rommey Bahhur
- Broker: Rommey Bahhur
- Date of Transaction: 08/01/2025
Key individuals in this deal include David Sylvester Williams, founder of the luxury watch retailer DavidSW, who will utilize the showroom as his second location in the United States. Rommey Bahhur, CEO of Vitel Mobile Inc, is both the seller and the broker in this transaction, indicating a direct involvement in the property sale.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93