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Sam Hertzberg, David Hertzberg & Richard Do Sell Retail Property In Miami For $35M

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SOLD
$35,000,000

Florida

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Retail9,455 SF
Sold 07/15/2025
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Property Image
SOLD

Sam Hertzberg, David Hertzberg & Richard Do Sell Retail Property In Miami For $35M

3800 Northeast 2nd Avenue

See Similar Deals
Retail9,455 SF
Sold 07/15/2025
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$3,701
Total Square Footage:9,455 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 3800 Northeast 2nd Avenue, Miami. The sale price was $35,000,000, with a total square footage of 9,455, resulting in a price per square foot of $3,701.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $35,000,000
  • Square Footage: 9,455
  • Price Per Square Foot: $3,701
  • Market: Miami
  • Seller: Sam Hertzberg, David Hertzberg & Richard Do
  • Seller's Representative: Joe Fernandez, Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors

Key individuals involved in the deal include the sellers, Sam Hertzberg, David Hertzberg, and Richard Do, who played significant roles in the transaction. The representatives from DWNTWN Realty Advisors, Joe Fernandez, Tony Arellano, and Devlin Marinoff, facilitated the sale, supporting the sellers throughout the process.

Players

Tony Arellano
152 deals$1.6B volume
BROKER

Joe Fernandez
DWNTWN Realty Advisors
15 deals$56M volume
BROKER

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

DWNTWN Realty Advisors
BROKERAGE

Details

SOLD
IMAGE: Devlin Marinoff, David Hertzberg, Tony Arellano, Richard Do, Joe Fernandez & Sam Hertzberg DATE: 07/15/2025 ADDRESS: 3800 Northeast 2nd Avenue MARKET: Miami ASSET TYPE: Retail SELLER: Sam Hertzberg, David Hertzberg & Richard Do SELLER'S REP: Joe Fernandez, Tony Arellano (@TonyArellano2) & Devlin Marinoff (@DevlinMarinoff) - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) SALE PRICE: $35,000,000 SF: 9,455 ~ PPSF: $3,701

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,866,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27