Robert Finvarb And Abie Hidary Acquire Development Site In Miami For $6.7M
160 Northwest 28 Street MARKET: Miami
$6,700,000
$592/SF
Building Size
11,300 SF
Asset Type
Development Site
Closing
Apr 24, 2023
AI
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
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93