Taylor And Stacy Titoni Acquire Retail Property In Miami For $6 Million With Brokers Francesca Fiornovelli And Alfredo Riascos
523 Northwest 28th Street & 529 Northwest 28th Street
$6,000,000
$750/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Aug 5, 2025
AI
The property asset involved in the transaction is a retail space located at 523-529 Northwest 28th Street in Miami. The sale price achieved for this asset was $6,000,000, and it encompasses an approximate area of 8,000 square feet, translating to a price per square foot of $750.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,000,000
- Square Footage: 8,000
- Price per Square Foot: $750
- Buyer: Taylor and Stacy Titoni
- Seller: Thomas Neary
- Buyer's Representative: Francesca Fiornovelli - One Path Realty
- Seller's Representative: Alfredo Riascos - Gridline Properties
- Date of Transaction: 08/06/2025
The deal involved key participants including Francesca Fiornovelli representing the buyers, Taylor and Stacy Titoni, and Alfredo Riascos representing the seller, Thomas Neary. These representatives played essential roles in facilitating the transaction between both parties.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93