John Farhadian Acquires Retail Property In North Miami Beach For $1.13M

An retail property located at 1825 NE 163rd Street in North Miami Beach has been sold in a recent transaction. The property spans 3,050 square feet and was sold for a price of $1,130,000, which translates to a price per square foot of $370. The sale took place on 03/05/2021.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,130,000
• Address: 1825 NE 163rd Street
• Market: North Miami Beach

The buyer of the property is John Farhadian, while the seller is Robert Berkson. Representing the buyer in the deal were Miguel Pinto from Apex Capital Realty and Jamie Maniscalco from Land Deals. Miguel Pinto and Jamie Maniscalco also represented the seller in the transaction.

Before the sale, the property was listed with an asking price of $1,299,000. However, it was ultimately sold for $1,130,000. The sale price reflects a transaction that achieved a price below the initial asking price.