SOLDRetail
Babba Joshua Yesharim Purchases $22.03M Retail Asset at 930–940 Lincoln Road in Miami Beach in Off-Market Deal Sourced by Buyers Realty LLC’s Mike Tewel, Lola Galloni & Daniel Wolf
940 Lincoln Road
$22,026,000
$605/SF
Building Size
36,377 SF
Asset Type
Retail
Closing
Oct 8, 2026
About this deal
AI
The Hampton Building, established in 1926, is a three-story mixed-use trophy asset located prominently at the corner of Lincoln Road and Michigan Avenue in Miami Beach. This property features original natural oolite stone storefront façades, ground-floor retail, and upper-level executive offices on the second and third floors. The asset was sold for $22,026,000, encompassing a total square footage of 36,377, with a price per square foot of $605.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,026,000
- Address: 930-940 Lincoln Rd
- Market: Miami Beach
- Buyer: Babba Joshua Yesharim
- Seller: Leon Zwick
- Broker Representation: Mike Tewel, Lola Galloni & Daniel Wolf - Buyers Realty LLC
The transaction was sourced and completed off-market, with significant contributions made by Mike Tewel, Lola Galloni, and Daniel Wolf of Buyers Realty LLC. The team identified this opportunity through their established relationships with longtime owner Leon Zwick and investor/developer Babba Joshua Yesharim, highlighting their successful collaboration in this deal.
On the Map
$22,026,000
$605/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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93