Isaac Rami Acquires Office Building In Miami Beach From Shaya And Sarah Boymelgreen For $12.95M
301 Arthur Godfrey Road
$12,950,000
$384/SF
Building Size
33,668 SF
Asset Type
Office
Closing
Oct 14, 2026
About this deal
AI
The office building located at 301 Arthur Godfrey Road in Miami Beach was sold for $12.95 million. The property encompasses a total of 33,668 square feet and has a price per square foot of $385. It was noted that the building was marketed as 96% occupied at the time of sale.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $12,950,000
- Buyer: Isaac Rami
- Seller: Shaya & Sarah Boymelgreen
- Broker: Mendel Fellig - Mendel Fellig Group - Compass
- Market: Miami Beach, FL
- Year Built: 1960s
A New York family office, led by Isaac Rami, has acquired the property. The transaction reflects a considerable reduction from the original asking price, which was approximately $7 million higher. The buyer intends to redevelop the office asset following the acquisition.
On the Map
$12,950,000
$384/SF
Office
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Miami Beach Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93