facebook
Traded Co logo
Submit

Aaron Vays & John Murch Of Bayit Development Acquire Development Site In Miami For $770,000

Traded Logo
Camilo FrancoAaron Vays

$770,000

SOLD
$770,000
Camilo Franco
Aaron Vays

Florida

See Similar Deals
Development Site7,020 SF
Sold 04/10/2026
the dealplayerscompscontact
Traded Logo
Camilo FrancoAaron Vays

$770,000

SOLD

Aaron Vays & John Murch Of Bayit Development Acquire Development Site In Miami For $770,000

1240 Southwest 12th Avenue

See Similar Deals
Development Site7,020 SF
Sold 04/10/2026
Camilo Franco
Aaron Vays
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$109
Total Square Footage:7,020 SF
Transaction Type:Sale

The development site at 1240 Southwest 12th Avenue in Miami is under contract to be acquired by Aaron Vays and John Murch of Bayit Development for a total price of $770,000. This site spans 7,020 square feet and is located in the Shenandoah neighborhood, a region recognized for its urban potential.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $770,000
  • Square Footage: 7,020 SF
  • Price Per Square Foot: $109
  • Buyer: Aaron Vays & John Murch - Bayit Development
  • Seller: Eugenio Navarro
  • Broker: Camilo Franco

John Murch and Aaron Vays are embarking on their first project with this acquisition as they aim to establish Bayit Development’s presence in a highly sought-after urban corridor within Miami.

Players

Camilo Franco
Camilo Franco
5 deals$8.3M volume
BROKER
Aaron Vays
Aaron Vays
1 deal$770K volume
BUYER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Aaron Vays & John Murch DATE: 04/10/2026 ADDRESS: 1240 Southwest 12th Avenue MARKET: Miami ASSET TYPE: Development Site BUYER: Aaron Vays (@AaronVays24) & John Murch (@MurchJohn1234) - Bayit Development (@Bayit_Development) SELLER: Eugenio Navarro BROKER: Camilo Franco SALE PRICE: $770,000 SF: 7,020 ~ PPSF: $109 NOTE FROM BUYER: John Murch and Aaron Vays of Bayit Development are under contract to acquire the 7,020-SF development site at 1240 Southwest 12th Avenue in Miami’s Shenandoah neighborhood for $770,000, marking the Miami-based company’s first project as they look to establish their presence in one of the city’s most sought-after urban corridors.

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)

$41,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,735.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,650.19
Annual Debt Service$43,802.31