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3800 Northeast 2nd Avenue

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

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

3800 Northeast 2nd Avenue

$35,000,000

$3,701/SF

Building Size

9,455 SF

Asset Type

Retail

Closing

Jul 14, 2025

AI

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
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

153 deals

Broker
DWNTWN Realty Advisors
DWNTWN Realty AdvisorsBrokerage

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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93