Updated Feb 4, 2025
Mathew Katz Sells Development Site In North Miami Beach For $3.225M With Brokers Eli And Alan Eskenazi
16400 Northeast 29th Avenue
$3,225,000
$262/SF
Building Size
12,300 SF
Asset Type
Development Site
Closing
Jan 21, 2025
About this deal
AI
A development site located at 16400 Northeast 29th Avenue in North Miami Beach has been sold for $3,225,000. The property encompasses a total square footage of 12,300, resulting in a price per square foot of $262. The building has a total building square footage of 7,135, translating to a price per building square foot of $451.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,225,000
- Address: 16400 Northeast 29th Avenue
- Market: North Miami Beach
- Seller: Mathew Katz
- Brokers: Eli Eskenazi & Alan Eskenazi - Miles Goldstein Real Estate
- BSF: 7,135
- PPBSF: $451
- SF: 12,300
- PPSF: $262
The deal involved brokers Eli Eskenazi and Alan Eskenazi representing the seller, Mathew Katz, in this transaction. Their involvement highlights the role of experienced professionals in facilitating property transfers in this specific market.
On the Map
$3,225,000
$262/SF
Development Site
View full map
Players
North Miami Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Eli Eskenazi to view all their deals.
Browse North Miami Beach development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.92%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93