Shahab Kamely & Stefano Santoro of KAR Properties Purchases Retail Building On Lincoln Road For $15 Million
910 Lincoln Road
$15,000,000
$1,749/SF
Building Size
8,573 SF
Asset Type
Retail
Closing
Apr 26, 2026
About this deal
AI
The retail property at 910 Lincoln Road in Miami Beach, built in 1928, has a total area of 8,573 square feet and was sold for $15,000,000. The transaction was notable for including $7,500,000 in seller financing. The asset is currently leased to AllSaints and reflects the increasing values and demand for retail spaces in the high-traffic corridor of Lincoln Road.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,000,000
- Square Footage: 8,573
- Price Per Square Foot: $1,750
- Buyer: Shahab Kamely & Stefano Santoro - KAR Properties
- Seller: Scott Sherman - Torose Equities
- Previous Sale Price in 2024: $10,460,000
- Seller Financing: $7,500,000
The deal involved Shahab Kamely and Stefano Santoro of KAR Properties purchasing the property from Scott Sherman of Torose Equities, acting through Torose 910 Lincoln LLC. This transaction underscores the ongoing interest in Miami Beach's retail market.
On the Map
$15,000,000
$1,749/SF
Retail
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Players
Miami Beach 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93