Bowery Properties Acquires Little Havana Development Site On NW 8th Ave For $5.35M

A development site located at 140 NW 8th Ave in Little Havana has been sold in a recent transaction. The property was purchased by Bowery Properties, represented by Thomas Neary, for a total sale price of $5,350,000. The seller, River Boarder Development, was represented by brokers Rafael Fermoselle and Sharif Bula from Eleventrust. The property is classified as a development site, with a building square footage (BSF) of 130,000, resulting in a price per BSF of $41. The total square footage (SF) of the site is 32,000, with a price per SF of $167.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $5,350,000
• Address: 140 NW 8th Ave, Little Havana
• Buyer: Bowery Properties - Thomas Neary
• Seller: River Boarder Development - Hugo Pereira
• Brokers: Rafael Fermoselle & Sharif Bula - Eleventrust
• BSF: 130,000
• PPBSF: $41
• SF: 32,000
• PPSF: $167

The transaction involved key individuals and companies. Thomas Neary represented Bowery Properties as the buyer, while Hugo Pereira represented River Boarder Development as the seller. The deal was facilitated by brokers Rafael Fermoselle and Sharif Bula from Eleventrust.