Robert Finvarb And Abie Hidary Acquire Development Site In Miami For $6.7M
SOLD
$6,700,000
Florida
See Similar DealsDevelopment Site11,300 SF
Sold 04/24/2023
SOLD
Robert Finvarb And Abie Hidary Acquire Development Site In Miami For $6.7M
160 Northwest 28 Street MARKET: Miami
See Similar DealsDevelopment Site11,300 SF
Sold 04/24/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$592
Total Square Footage:11,300 SF
Transaction Type:Sale
A development site located at 160 Northwest 28 Street in Miami has been sold for $6,700,000. Spanning 11,300 square feet, the property was acquired by Robert Finvarb and Abie Hidary from Max Beltrame. The transaction was facilitated by brokers Andy Charry and Juan Andres Nava from Metro 1 Commercial.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,700,000
- Address: 160 Northwest 28 Street
- Market: Miami
Robert Finvarb and Abie Hidary successfully purchased the development site at 160 Northwest 28 Street in Miami from Max Beltrame for $6,700,000. The property spans 11,300 square feet and is located in the thriving Miami market. The transaction was facilitated by Andy Charry and Juan Andres Nava, representing Metro 1 Commercial.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
Is there something missing? Send suggestions