facebook
Traded Co logo
Submit

Joshua Babba Yesharin Sells Development Site In Miami For $1.25M

Property Image
SOLD
$1,250,000

Florida

See Similar Deals
Development Site60,000 SF
Sold 12/08/2023
the dealplayerscompscontact
Property Image
SOLD

Joshua Babba Yesharin Sells Development Site In Miami For $1.25M

1117 Northwest 79th Street & 1145 Northwest 79 Street

See Similar Deals
Development Site60,000 SF
Sold 12/08/2023
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$20
Total Square Footage:60,000 SF
Transaction Type:Sale

A development site located at 1117-1145 Northwest 79 Street in Miami has been sold in a recent transaction. The property spans 30,000 square feet and is situated in the Miami market. The seller of the site was Joshua Babba Yesharin.

Summary of transaction details:

  • Property Type: Development Site
  • Asking Price: $1,450,000
  • Sale Price: $1,250,000
  • Square Footage: 30,000
  • Price per Square Foot: $42

The transaction was facilitated by Agustin Duarte of RE/MAX 360 Miami Real Estate, who served as the broker representing Joshua Babba Yesharin. It is worth noting that this sale yielded a remarkable 5X return on investment for the seller.

Players

Agustin Duarte
25 deals$89.7M volume
BROKER

Babba Joshua Yesharim
28 deals$107.5M volume
BROKER

Details

SOLD
IMAGE: Joshua Babba Yesharin & Agustin Duarte DATE: 12/08/2023 ADDRESS: 1117-1145 Northwest 79 Street MARKET: Miami ASSET TYPE: Development Site SELLER: Joshua Babba Yesharin (@Babbajoon) BROKER: Agustin Duarte (@MagicCityCommercial) - RE/MAX 360 Miami Real Estate (@REMAX360Miami) ASKING PRICE: $1,450,000 SALE PRICE: $1,250,000 SF: 30,000 ~ PPSF: $42| NOTE FROM BROKER: This sale marks a 5X return on investment for the seller

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65