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Andy Ansin Acquires Development Site In North Bay Village From Leo Macedo For $13.5M

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SOLD
$13,500,000

Florida

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Development Site12,269 SF
Sold 04/19/2021
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SOLD

Andy Ansin Acquires Development Site In North Bay Village From Leo Macedo For $13.5M

1601 79th Street Causeway, North Bay Village, FL 33141, USA

See Similar Deals
Development Site12,269 SF
Sold 04/19/2021
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$1,100
Total Square Footage:12,269 SF
Transaction Type:Sale

An development site located at 1601 79th St Causeway in North Bay Village has been sold for $13,500,000. The buyer, Andy Ansin, acquired the property from seller Leo Macedo. The transaction took place on April 19, 2021. The property spans 1.1 acres and consists of 150 units, resulting in a price per unit of $90,000 and a price per acre of $12,272,727.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $13,500,000
  • Date: 04/19/2021
  • Address: 1601 79th St Causeway, North Bay Village
  • Buyer: Andy Ansin
  • Seller: Leo Macedo
  • Brokers: Samuel Heskiel - @SammyBluEyes and Marilina Apfelbaum - @MarilinaMiami
  • Units: 150
  • Price per Unit: $90,000
  • Acres: 1.1
  • Price per Acre: $12,272,727

Samuel Heskiel from @SammyBluEyes and Marilina Apfelbaum from @MarilinaMiami represented the buyer and seller respectively in this transaction involving the development site located in North Bay Village.

Players

Marilina Apfelbaum
19 deals$226.6M volume
BROKER

Samuel Heskiel
Beachfront Realty
31 deals$355.3M volume
BROKER

Andy Ansin
7 deals$85.7M volume
BUYER

Details

SOLD
IMAGE: Marilina Apfelbaum, Andy Ansin & Samuel Heskiel DATE: 04/19/2021 ADDRESS: 1601 79th St Causeway MARKET: North Bay Village ASSET TYPE: Development Site BUYER: Andy Ansin SELLER: Leo Macedo BROKERS: Samuel Heskiel @SammyBluEyes & Marilina Apfelbaum @MarilinaMiami PRICE: $13,500,000 UNITS: 150 ~ PPU: $90,000 ACRES: 1.1 ~ PPA: $12,272,727

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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