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11 Northeast 6th Street

Luis Izquierdo Acquires Retail Condominium In Miami For $2.85M With Francisco Paez As Buyer's Rep
SOLDRetail

Luis Izquierdo Acquires Retail Condominium In Miami For $2.85M With Francisco Paez As Buyer's Rep

11 Northeast 6th Street

$2,850,000

$941/SF

Building Size

3,026 SF

Asset Type

Retail

Closing

Aug 11, 2026

AI

The property involved in this transaction is a retail condominium located at 11 Northeast 6th Street, Miami, within The Crosby, part of the Miami Worldcenter. The sale price was $2,850,000, and the asset comprises 3,026 square feet, amounting to a price per square foot of $941.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,850,000
  • Address: 11 Northeast 6th Street, Miami
  • Market: Miami
  • Square Footage: 3,026
  • Price per Square Foot: $941
  • Buyer: Luis Izquierdo
  • Seller: Related
  • Buyer's Representative: Francisco Paez - Fortune Christie’s International Real Estate
  • Seller's Representatives: Fabio Faerman & Sebastian Faerman - FA Commercial
FA Commercial has announced the successful sale of the property, highlighting its prime location with a significant outdoor area, high pedestrian traffic, and visibility in a rapidly growing urban destination. The asset is strategically positioned within the Miami Worldcenter master development and is surrounded by major brands, appealing to a diverse customer base.

Players

Fabio Faerman

FA Commercial

Broker

$274.6M

vol

65 deals

Broker

Luis Izquierdo

Buyer

$2.9M

vol

1 deal

Buyer
R
RelatedCosSeller

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93