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Adam Frank Of River Oaks Properties Purchases Retail Asset In Miami For $27 Million

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SOLD
$27,000,000

Florida

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Retail5,876 SF
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SOLD

Adam Frank Of River Oaks Properties Purchases Retail Asset In Miami For $27 Million

111 115 Northeast 40th Street

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Retail5,876 SF
Sold
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$4595
Total Square Footage:5876 SF
Transaction Type:Sale

The retail asset located at 111 - 115 Northeast 40th Street in Miami has a sale price of $27,000,000. The property encompasses a total square footage of 5,876, translating to a price per square foot of $4,595.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $27,000,000
  • Address: 111 - 115 Northeast 40th Street
  • Market: Miami
  • Square Footage: 5,876
  • Price Per Square Foot: $4,595
  • Buyer: Adam Frank - River Oaks Properties
  • Seller: Jordan E. Slone - Harbor Group International
  • Buyer's Representative: David B. Chasin & Daylin Ackerman - Pegasus Investments Real Estate Advisory
  • Seller's Representative: Jordan Gimelstein - Inhouse Commercial

The transaction involved Adam Frank representing River Oaks Properties as the buyer while Jordan E. Slone represented Harbor Group International as the seller. The respective representatives, David B. Chasin and Daylin Ackerman from Pegasus Investments Real Estate Advisory, facilitated the buyer's interests, while Jordan Gimelstein from Inhouse Commercial represented the seller in this deal.

Players

David B. Chasin
6 deals$106.1M volume
BROKER

Jordan Gimelstein
Inhouse Commercial
14 deals$172.4M volume
BROKER

Daylin Ackerman
Pegasus Investments Real Estate Advisory
3 deals$80.7M volume
BROKER

Inhouse Commercial
BROKERAGE


Details

SOLD
IMAGE: David B. Chasin, Adam Frank, Jordan Gimelstein, Jordan E. Slone & Daylin Ackerman DATE: 09/30/2025 ADDRESS: 111 - 115 Northeast 40th Street MARKET: Miami ASSET TYPE: Retail BUYER: Adam Frank - River Oaks Properties (@River_Oaks_Properties) SELLER: Jordan E. Slone - Harbor Group International BUYER'S REP: David B. Chasin (@DavidChasin) & Daylin Ackerman (@DaylinAckerman) - Pegasus Investments Real Estate Advisory SELLER'S REP: Jordan Gimelstein (@JordanGimelstein) Inhouse Commercial (@InhouseCommercial) SALE PRICE: $27,000,000 SF: 5,876 ~ PPSF: $4,595

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,925.30
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