A development site located at 1353 N. Miami Ave in the Omni market of Downtown Miami has been sold for $1,750,000. The property consists of one parcel totaling 3,500 square feet, with a building square footage (BSF) of approximately 24,500. The sale price translates to a price per building square foot (PPBSF) of $71. The transaction took place on May 17, 2022.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,750,000
• Address: 1353 N. Miami Ave
• Market: Omni

The buyer for this development site is Rafael Pecchio, while the seller is Zev Zayczek. Representing the buyer was Rena Kliot from Pulse International Realty NY, and representing the seller was Jennifer Djurkovic from Djurkovic Investment Properties. Rena Kliot can be reached at 516-312-8348 or [email protected]. Jennifer Djurkovic can be contacted at 631-624-3053 or [email protected].

This development site in the heart of Downtown Miami is situated on a 0.08-acre lot with a zoning classification of Urban Core Zone (T6-24-O). The floor area ratio (FLR) for the property is 7, allowing for a maximum building size of 24,500 BSF. Please note that this information was provided by Rena Kliot of Pulse International Realty NY.