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1651 Northeast 163rd Street

Updated Oct 9, 2026

Anthony DiGirolamo & Gedalia Tomor Acquire Retail Building In North Miami Beach For $3.25M
SOLDRetail

Anthony DiGirolamo & Gedalia Tomor Acquire Retail Building In North Miami Beach For $3.25M

1651 Northeast 163rd Street

$3,250,000

$327/SF

Building Size

9,923 SF

Asset Type

Retail

Closing

Oct 2, 2026

About this deal

AI

The property asset involved in this transaction is a retail space located at 1651 Northeast 163rd Street in North Miami Beach. The sale price for the asset was $3,250,000. The building encompasses a total square footage of 9,923 square feet, resulting in a price per square foot of $327.

Summary of transaction details:

The key individuals involved in this transaction include buyers Anthony DiGirolamo and Gedalia Tomor, who acquired the asset through G&A Clothiers LLC. The sellers were Edward Werbin. The transaction was facilitated by the buyer's representatives, Manny Chamizo III and Brandon Abate, who expressed their commitment to finding the right asset for their clients and successfully navigating the closing process.

On the Map

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$3,250,000

$327/SF

Retail

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Players

Manny Chamizo III

Sotheby's International Realty

Broker

$202.4M

vol

33 deals

Broker

Anthony DiGirolamo

G&A Clothiers LLC

Buyer

$3.3M

vol

1 deal

Buyer

Edward Werbin

Seller

$3.3M

vol

1 deal

Seller
Bilt advertisement

North Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $327 per square foot on a published $3.3M for 9,923 square feet (2026).

Visit Manny Chamizo III to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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