Chris Clementi Purchases Retail Property At 61 Northwest 25th Street In Miami For $4M
61 Northwest 25th Street
$4,000,000
$697/SF
Building Size
5,734 SF
Asset Type
Retail
Closing
Sep 17, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 61 Northwest 25th Street in the Miami market. The transaction was completed at a sale price of $4,000,000, encompassing a total square footage of 5,734 and achieving a price per square foot of $697.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 5,734
- Price Per Square Foot: $697
- Buyer: Chris Clementi
- Seller: Michael Anthony Orfin
- Brokers: Jonathan De La Rosa & Scott Sandelin - Marcus & Millichap
This transaction features the involvement of Chris Clementi as the buyer and Michael Anthony Orfin as the seller. The brokerage representation was provided by Jonathan De La Rosa and Scott Sandelin from Marcus & Millichap, who facilitated the deal process between the parties involved.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93