El Patio Wynwood Purchases Retail Property In Wynwood From Niznik Properties For $4.7M
167 Northwest 23rd Street
$4,700,000
$3,228/SF
Building Size
1,456 SF
Asset Type
Retail
Closing
Jun 25, 2026
About this deal
AI
The retail property located at 167 Northwest 23rd Street in the Wynwood market was sold for $4,700,000. This property encompasses 1,456 square feet, resulting in a price per square foot of $3,228.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,700,000
- Address: 167 Northwest 23rd Street
- Market: Wynwood
- Square Footage: 1,456
- Price Per Square Foot: $3,228
- Buyer: El Patio Wynwood
- Seller: Niznik Properties
- Brokers: Alejandro Snyder & Michael B. Williams - Current Real Estate Advisors
El Patio Wynwood acquired the property from Niznik Properties. The brokers facilitating this transaction were Alejandro Snyder and Michael B. Williams, representing Current Real Estate Advisors in this deal.
On the Map
$4,700,000
$3,228/SF
Retail
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Players
Miami 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93