Updated Oct 29, 2024
Jehad Audy Acquires Edgewater Development Site For $7.25M
113 NE 25th St, Edgewater, Miami, FL, USA
$7,250,000
$258/SF
Building Size
28,100 SF
Asset Type
Development Site
Closing
Mar 10, 2021
About this deal
AI
A development site located at 113+123 NE 25th St in Edgewater has been sold for $7,250,000. The property spans a total of 28,100 square feet, resulting in a price per square foot of $258.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $7,250,000
- Address: 113+123 NE 25th St
- Market: Edgewater
The buyer of the property is Jehad Audy, while Spider was represented by Andres Goldenberg. The buyer was represented by Jamie Maniscalco from Apex Capital Realty, Land Deals, Jamie Rose, and Alex K. Tsoulfas. The seller was also represented by Jamie Maniscalco, Apex Capital Realty, Land Deals, Jamie Rose, and Alex K. Tsoulfas.
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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93