Federico Bertele Sells Retail Property At 170 Northeast 79th Street For $2,000,000
170 Ne 79 St
$2,000,000
$653/SF
Building Size
3,060 SF
Asset Type
Retail
Closing
Jul 7, 2026
AI
The property asset involved in the transaction is a retail space located at 170 Northeast 79th Street in the Little River market. The sale price for this asset was $2,000,000, and it spans an area of 3,060 square feet, resulting in a price per square foot of approximately $653.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Square Footage: 3,060
- Price Per Square Foot: $653
- Seller: Federico Bertele
- Seller's Representative: Jamie Rose Maniscalco & Steffanie Jacobson - The Alpha Commercial
- Transaction Date: 07/07/2026
- Market: Little River
Key individuals involved in this deal include the seller Federico Bertele, represented by brokers Jamie Rose Maniscalco and Steffanie Jacobson from The Alpha Commercial. They facilitated the transaction on behalf of the seller.
Players
Market 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93