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1542 Washington Avenue

Ron Firman Sells Retail Property At 1542 Washington Avenue Miami Beach For $3.95M
SOLDRetail

Ron Firman 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

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: Ron Firman
  • Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial

The transaction involved Ron Firman 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.

Players

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker
FA Commercial
FA Commercial Brokerage

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