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523 Northwest 28th Street

Taylor And Stacy Titoni Acquire Retail Property In Miami For $6 Million With Brokers Francesca Fiornovelli And Alfredo Riascos
SOLDRetail

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

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage
Thomas Neary

Thomas Neary

Seller

$207M

vol

13 deals

Seller

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