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153 Northwest 25th Street

Jared Brunnabend Acquires Wynwood Development Site For $2.5M
SOLDDevelopment Site

Jared Brunnabend Acquires Wynwood Development Site For $2.5M

153 Northwest 25th Street

$2,500,000

$471/SF

Building Size

5,300 SF

Asset Type

Development Site

Closing

Oct 12, 2022

AI

A development site in Wynwood has been sold for $2,500,000. The property, located at 153 NW 25 Street, has a buildable square footage (BSF) of 5,300. The sale price equates to approximately $472 per square foot.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,500,000
  • Address: 153 NW 25 Street
  • Market: Wynwood
  • BSF: 5,300
  • Price per BSF: $472

The buyer of the property is Jared Brunnabend. Representing the buyer in this deal is Alfredo Riascos from Gridline Properties. The seller of the property is the Doris Friedopher Family Trust, with John Crotty from Avison Young serving as their representative.

Players

John Crotty

Avison Young

Broker

$1.6B

vol

53 deals

Broker
FT
Family TrustSeller

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93