Judah Mizrahi Acquires Development Site In Shorecrest Bay, Miami For $505,000

Judah Mizrahi has purchased a development site located at 1071 NE 80 Street in Shorecrest Bay, Miami. The sale was facilitated by Bruce Germinsky from BG Realty. The property, with an asking price and sale price of $505,000, spans a total area of 7,000 square feet and offers a buildable square footage (BSF) of 6,500. The price per square foot (PPSF) is $72, while the price per buildable square foot (PPBSF) is $78. Mizrahi plans to utilize the approved lot to construct a 10-unit building along with two penthouses.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $505,000
• Address: 1071 NE 80 Street, Shorecrest Bay, Miami
• Market: Shorecrest Bay, Miami
• Seller: Metronomic Development Bankruptcy
• Buyer's Representative: Bruce Germinsky - BG Realty

This transaction marks an exciting opportunity for Judah Mizrahi to acquire the approved lot in Shorecrest Bay. The plans for the property include the construction of a 10-unit building and two penthouses. With the purchase price set at $505,000, Mizrahi is well-positioned to capitalize on the development potential of this site.