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Steve Rhodes Of 170 NE 40th Street Inc Sells Miami Retail F&B Office Portfolio For $25M

Property Image
SOLD
$25,000,000
Jason Abitbol
Tony Arellano
+ 1

Florida

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Retail39,519 SF
Sold 01/15/2026
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Property Image
SOLD

Steve Rhodes Of 170 NE 40th Street Inc Sells Miami Retail F&B Office Portfolio For $25M

2085 Northeast 2nd Avenue

See Similar Deals
Retail39,519 SF
Sold 01/15/2026
Jason Abitbol
Tony Arellano
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$632
Total Square Footage:39,519 SF
Transaction Type:Sale

The transaction involved a portfolio of Class A retail, F&B, and office assets located at 2085 NW 2nd Ave, 2121 NW 2nd Ave, and 172 NW 21st St in the Miami market. The sale price was $25,000,000, and the total square footage of the properties is 39,519, resulting in a price per square foot of $632.

Summary of transaction details:

  • Property Type: Retail, F&B & Office
  • Transaction Amount: $25,000,000
  • Address: 2085 NW 2nd Ave, 2121 NW 2nd Ave & 172 NW 21st St
  • Square Footage: 39,519
  • Price Per Square Foot: $632
  • Seller: Steve Rhodes - 170 NE 40th Street Inc
  • Buyer's Representative: Jason Abitbol - APEX Capital Realty
  • Seller's Representatives: Devlin Marinoff & Tony Arellano - DWNTWN Realty Advisors

This transaction signifies a transition in ownership from Steve Rhodes, a notable local investor and Wynwood pioneer, with the collaboration between APEX Capital Realty and DWNTWN Realty Advisors playing a crucial role in facilitating the deal. Jason Abitbol represented the buyer, while the sellers had the support of Devlin Marinoff and Tony Arellano in this negotiation.

Players

Tony Arellano
152 deals$1.6B volume
BROKER

Jason Abitbol
APEX Capital Realty
26 deals$179M volume(561) 542-3704
BROKER

Devlin Marinoff
DWNTWN Realty Advisors
51 deals$833.5M volume(917) 312-2219
BROKER

DWNTWN Realty Advisors
BROKERAGE


Details

SOLD
IMAGE: Jason Abitbol DATE: 01/15/2026 ADDRESS: 2085 NW 2nd Ave, 2121 NW 2nd Ave & 172 NW 21st St MARKET: Miami ASSET TYPE: Retail, F&B & Office SELLER: Steve Rhodes - 170 NE 40th Street Inc BUYER'S REP: Jason Abitbol (@JasonAbitbol) - APEX Capital Realty (@APEXCapitalRealty) SELLER'S REP: Devlin Marinoff (@DevlinMarinoff) & Tony Arellano - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) SALE PRICE: $25,000,000 SF: 39,519 ~ PPSF: $632 NOTE FROM BUYER'S REP: Apex Capital Realty is thrilled to announce another successful landmark transaction in the Wynwood market. This portfolio of Class A assets have become an irreplaceable part of Wynwood's DNA, showcasing an eclectic blend of world class F&B, retail, and office offerings at the southeastern entrance of Miami's most iconic neighborhood. Apex collaborated seamlessly with DWNTWN to facilitate this transaction, and is honored to have been part of this "passing of the torch" from legendary local investor and Wynwood pioneer, Steve Rhodes. To learn more about our expert Buyer's Representation Services provided at Apex Capital Realty, please contact Jason Abitbol - [email protected]. &B

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