Updated Jul 29, 2026
Joel Rodriguez Of Global Investments Realty Brokers Sale Of Air Rights In Miami For $2,517,240
222 North Miami Avenue & 50 Northeast 3rd Street
$2,517,240
$223/SF
Building Size
3,772 SF
Asset Type
Air Rights
Closing
Jul 15, 2026
About this deal
AI
The transaction involved air rights located at 222 North Miami Avenue & 50 Northeast 3rd Street in the Miami market. The sale price for the air rights was $2,517,240, consisting of 132 transferable units divided between two deals, specifically 41 units and 91 units.
Summary of transaction details:
- Property Type: Air Rights
- Transaction Amount: $2,517,240
- Address: 222 North Miami Avenue & 50 Northeast 3rd Street
- Market: Miami
- Units: 132
Joel Rodriguez from Global Investments Realty represented both the buyer and seller in this transaction, facilitating the sale of the air rights and successfully securing the deal for 132 units across the two transactions.
On the Map
$2,517,240
$223/SF
Air Rights
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Miami Air Rights Market Snapshot
Boundary boundary · Air Rights · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.30%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93