Updated Sep 9, 2024
Shaun Nilsson Acquires Development Site In Edgewater, Miami For $1.85M
120 Northeast 25th Street, Miami, Florida 33137, United States
$1,850,000
$263/SF
Building Size
7,025 SF
Asset Type
Development Site
Closing
Jun 14, 2022
About this deal
AI
A development site located at 120 NE 25th St in Edgewater, Miami has been sold for a transaction price of $1,850,000. The property is situated in the Edgewater market and spans across a total square footage of 7,025. The purchase price per square foot (PPSF) is $263, indicating the value of the property in the market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,850,000
The buyer of the property is Shaun Nilsson, while the seller is Don Vernon. Handling the deal as brokers were David Richman, Tony Arellano, and Devlin Marinoff from DWNTWN Realty Advisors.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93