Robert Finvarb And Abie Hidary Acquire Miami Development Site For $6.7M
160 Nw 28 St
$6,700,000
$592/SF
Building Size
11,300 SF
Asset Type
Development Site
Closing
Apr 24, 2023
AI
Robert Finvarb and Abie Hidary have purchased a development site located at 160 Northwest 28 Street in Miami. The property has a total area of 11,300 square feet and was sold for a price of $6,700,000, which equates to a price per square foot of $593. The transaction took place on April 24, 2023 and the seller was Max Beltrame.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,700,000
- Buyer: Robert Finvarb and Abie Hidary
- Seller: Max Beltrame
- Brokers: Andy Charry & Juan Andres Nava - Metro 1 Commercial
- Address: 160 Northwest 28 Street, Miami
The deal was facilitated by the brokers Andy Charry and Juan Andres Nava from Metro 1 Commercial. They represented the buyer and seller respectively, ensuring a smooth transaction process. This acquisition marks a significant addition to Robert Finvarb and Abie Hidary's property portfolio in Miami.
Players
Market 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93