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100 Northeast 1st Avenue

Bert R. Dweck Of Hirshmark Capital Provides $9.95M Refinance For Retail Development In Miami
FINANCEDRetail

Bert R. Dweck Of Hirshmark Capital Provides $9.95M Refinance For Retail Development In Miami

100 Northeast 1st Avenue & 54 Northeast 2nd Street

$9,950,000

$284/SF

Building Size

35,000 SF

Asset Type

Retail

Closing

Apr 30, 2026

AI

The property asset involved in this transaction includes a retail space with a square footage of 35,000 and a development site with 15,000 square feet. The address for this transaction is 100 Northeast 1st Avenue & 54 Northeast 2nd Street, situated in the Miami market. The total loan amount for this refinance transaction is $9,950,000.

Summary of transaction details:

  • Property Type: Retail and Development Site
  • Transaction Amount: $9,950,000
  • Asset Square Footage: Retail - 35,000; Development Site - 15,000
  • Market: Miami
  • Lender: Bert R. Dweck - Hirshmark Capital
  • Landlord: Daniel Pena
  • Landlord's Representative: Adrian Edery & Josh Eliassian - Two50 Capital Group

This transaction features key individuals such as Bert R. Dweck from Hirshmark Capital who provided the loan. Additionally, the landlord of the property is Daniel Pena, represented in this deal by Adrian Edery and Josh Eliassian from Two50 Capital Group.

Players

Adrian Edery

Two50 Capital Group

Broker

$660.7M

vol

40 deals

Broker
Bert R. Dweck

Bert R. Dweck

Hirshmark Capital

Lender

$105.8M

vol

23 deals

Lender

Miami Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93