facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Lease

/

580 72nd Street Miami Beach...

Updated Oct 25, 2024

Roberta's Leases 3,000-Square-Foot Retail Space In Miami Beach's 72 Park For Florida Debut
LEASEDRetail

Roberta's Leases 3,000-Square-Foot Retail Space In Miami Beach's 72 Park For Florida Debut

580 72nd Street Miami Beach, Florida 33141, USA

Building Size

3,000 SF

Asset Type

Retail

Closing

Aug 28, 2023

About this deal

AI

Brooklyn's famous pizzeria Roberta's is set to open its first Florida location in Miami Beach's luxury condo project, 72 Park. The restaurant has secured a lease for a 3,000-square-foot retail space within the development. Known for its wood-fired Neapolitan pies, Roberta's has gained international acclaim, and this expansion marks its Florida debut.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 580 72nd Street, Miami Beach
  • Market: Miami Beach
  • Square Footage: 3,000

Lefferts Investments, Russell Galbut of GFO, and Matis Cohen represent the landlord in this lease deal for the retail space at 72 Park. On the tenant side, Roberta's is represented by Carlo Mirarchi, who is responsible for bringing the renowned pizzeria to its Florida location. This exciting venture will allow Roberta's to introduce its acclaimed cuisine to a new audience in Miami Beach.

Players

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

Browse Florida retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets