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:
- Property Type: Retail
- Transaction Amount: $3,250,000
- Address: 1651 Northeast 163rd Street
- Market: North Miami Beach
- Buyer: Anthony DiGirolamo & Gedalia Tomor
- Seller: Edward Werbin
- Buyer's Representative: Manny Chamizo III & Brandon Abate - One Sotheby’s International Realty
- Square Footage: 9,923
- Price Per Square Foot: $327
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
$3,250,000
$327/SF
Retail
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North 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93