Updated Oct 28, 2024
Trilogy Real Estate Group Acquires Development Site In Edgewater-Wynwood Gateway, Miami For $5.68M
159 NE 27 St, Miami, Florida 33137, United States
$5,680,000
$405/SF
Building Size
14,000 SF
Asset Type
Development Site
Closing
Jul 7, 2022
About this deal
AI
A development site located at 159 & 161 NE 27 Street, Miami, FL 33137 in the Edgewater-Wynwood Gateway market of Miami has been sold in a closed transaction. The property was acquired by Trilogy Real Estate Group for a total sale price of $5,680,000. The site spans approximately 14,000 square feet, resulting in a price per square foot of $406.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,680,000
- Address: 159 & 161 NE 27 Street, Miami, FL 33137
- Market: Edgewater-Wynwood Gateway, Miami
The sale of the development site was facilitated by Alex K. Tsoulfas, Vincent Pastore, and Jamie Rose Maniscalco of APEX Capital Realty, representing the buyer and seller in the transaction.
On the Map
$5,680,000
$405/SF
Development Site
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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
2.79%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93