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1410 Northeast 163rd Street

Calico Investments Acquires Retail Asset From Irv Epstein In North Miami Beach For $2.35M
SOLDRetail

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

Joshua Rosa

APEX Capital Realty

Broker

$9.1M

vol

7 deals

Broker
APEX Capital Realty
APEX Capital RealtyBrokerage

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