Sells Retail Property At 1542 Washington Avenue Miami Beach For $3.95M
1542 Washington Avenue
$3,950,000
$672/SF
Building Size
5,870 SF
Asset Type
Retail
Closing
Sep 15, 2025
About this deal
AI
This retail asset located at 1542 Washington Avenue in Miami Beach was sold for $3,950,000. The property encompasses a total space of 5,870 square feet, which translates to a price per square foot of $672.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,950,000
- Address: 1542 Washington Avenue
- Market: Miami Beach
- Seller:
- Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
The transaction involved as the seller, while the brokers representing the deal were Fabio Faerman and Sebastian Faerman from FA Commercial, facilitating the sale of the retail property.
On the Map
$3,950,000
$672/SF
Retail
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Players
Miami Beach 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93