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1095 Northwest 23rd Street

Dany Sebaaly Purchases Retail Asset In Miami From John Shook For $5 Million
SOLDRetail

Dany Sebaaly Purchases Retail Asset In Miami From John Shook For $5 Million

1095 Northwest 23rd Street

$5,000,000

$500/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Apr 23, 2026

AI

The asset involved in this transaction is a retail property located at 1095 Northwest 23rd Street in the Miami market. The sale price for the property was $5,000,000, and it encompasses 10,000 square feet, resulting in a price per square foot of $500.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,000,000
  • Address: 1095 Northwest 23rd Street
  • Market: Miami
  • Square Footage: 10,000
  • Price per Square Foot: $500
  • Buyer: Dany Sebaaly
  • Seller: John Shook
  • Brokers: Noah Fox, Riley Whitman & Lyle Stern - Vertical Real Estate

Noah Fox, Riley Whitman, and Lyle Stern from Vertical Real Estate represented the deal, facilitating the transaction between the buyer and seller. The brokers noted their success in sourcing an owner/user for the warehouse in Allapattah and expressed their commitment to aiding the neighborhood's evolution.

Players

Lyle Stern

Vertical Real Estate

Broker

$44.3M

vol

11 deals

Broker

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93