Joshua Babba Yesharin Sells Development Site In Miami For $1.25M
1117 Northwest 79th Street & 1145 Northwest 79 Street
$1,250,000
$20/SF
Building Size
60,000 SF
Asset Type
Development Site
Closing
Dec 8, 2023
AI
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
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93