Calico Investments Acquires Retail Asset From Irv Epstein In North Miami Beach For $2.35M
1410 Northeast 163rd Street
$2,350,000
$245/SF
Building Size
9,563 SF
Asset Type
Retail
Closing
Jan 25, 2026
AI
The property involved in this transaction is a retail asset located at 1410 Northeast 163rd Street, North Miami Beach. The transaction was completed on January 26, 2026, with a sale price of $2,350,000. The total square footage of the property is 9,563, resulting in a price per square foot of $245.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,350,000
- Buyer: Calico Investments
- Seller: Irv Epstein
- Broker: Joshua Rosa - APEX Capital Realty
- Date of Sale: 01/26/2026
- Square Footage: 9,563
- Price per Square Foot: $245
In this transaction, APEX Capital Realty played a significant role by representing the seller, Irv Epstein. The deal was noteworthy as it served as the first of three properties expected to be closed by the buyer for a larger 1031 exchange. The broker facilitated a new 6-year lease at market rate with the existing tenant, 'Clear Vision', and handled necessary renovations to meet the buyer's closing requirements.
Players
North Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93