Leila Centner Acquires Development Site In Edgewater From Cynthia Baer For $1.4M
144 Northeast 20th Terrace
$1,400,000
$658/SF
Building Size
2,125 SF
Asset Type
Development Site
Closing
Jun 15, 2025
AI
This development site located at 144 Northeast 20th Terrace in the Edgewater market was sold for $1,400,000. The site measures 2,125 square feet, resulting in a price per square foot of $658.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Buyer: Leila Centner
- Seller: Cynthia Baer
- Sale Date: 6/16/2025
- Brokers: Alexandros Tsoulfas & Keiti Silva - STL Commercial
Leila Centner acquired the property from seller Cynthia Baer, with the transaction facilitated by brokers Alexandros Tsoulfas and Keiti Silva, representing STL Commercial in this sale.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93