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:
- Property Type: Covered Land
- Transaction Amount: $2,142,000
- Address: 148 Northeast 26th Street
- Market: Edgewater
- Square Footage: 7,441
- Price Per Square Foot: $287
- Buyer: Jehad Audy
- Seller: Israel Kopel
- Broker Representatives: Alexandros Tsoulfas - STL Commercial; Jamie Rose Maniscalco - The Alpha Commercial
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
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
7.41%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93