facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

148 Northeast 26th Street

Jehad Audy Acquires Covered Land In Edgewater From Israel Kopel For $2.14M
SOLDDevelopment Site

Jehad Audy Acquires Covered Land In Edgewater From Israel Kopel For $2.14M

148 Northeast 26th Street

$2,142,000

$287/SF

Building Size

7,441 SF

Asset Type

Development Site

Closing

Aug 22, 2024

AI

The transaction involved a covered land asset located at 148 Northeast 26th Street in the Edgewater market. The property was sold for $2,142,000, encompassing a total area of 7,441 square feet, resulting in a price per square foot of $287.

Summary of transaction details:

This transaction was facilitated by broker representatives Alexandros Tsoulfas from STL Commercial and Jamie Rose Maniscalco from The Alpha Commercial, who played key roles in connecting the buyer, Jehad Audy, and the seller, Israel Kopel.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.41%

Cash-on-Cash

-2.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93