Updated Oct 25, 2024
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
$13,500,000
$1,100/SF
Building Size
12,269 SF
Asset Type
Development Site
Closing
Apr 18, 2021
About this deal
AI
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.
On the Map
$13,500,000
$1,100/SF
Development Site
View full map
Players
Miami Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Samuel Heskiel to view all their deals.
Browse Miami Beach development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93