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
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