El Chalecito Restaurant Acquires Retail Property From Zilla 1798 Real Estate LLC For $1.3M
1798 West Flagler Street
$1,300,000
$263/SF
Building Size
4,930 SF
Asset Type
Retail
Closing
Sep 24, 2025
AI
A retail property located at 1798 West Flagler Street in Miami, covering an area of 4,930 square feet, was sold for $1,300,000. The sale price translates to $264 per square foot. The property spans across an area of 0.14 acres and was previously owned by Zilla 1798 Real Estate LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,300,000
- Address: 1798 West Flagler Street
- Market: Miami
- Seller: Zilla 1798 Real Estate LLC
- Buyer: El Chalecito Restaurant
- Brokers: Adriano Salucci & Miguel Pinto - APEX Capital Realty
- Square Footage: 4,930
- Price Per Square Foot: $264
- Acres: 0.14
El Chalecito Restaurant acquired the retail space through a transaction facilitated by brokers Adriano Salucci and Miguel Pinto from APEX Capital Realty. This transaction highlights the involvement of the brokerage firm in connecting the buyer and seller in this property deal.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93