Mitash Kripalani Of Colliers Represents Buyer In $3.45M Sale Of Miami Development Site

The property involved in the transaction is a development site located at 1660 Northwest 19th Terrace & 1690 Northwest 19th Terrace in Miami. The sale was executed for a total amount of $3,450,000. The site spans 6,144 square feet, resulting in a price per square foot of $561.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,450,000
• Square Footage: 6,144
• Price per Square Foot: $561
• Address: 1660 Northwest 19th Terrace & 1690 Northwest 19th Terrace
• Market: Miami
• Buyer's Representative: Mitash Kripalani - Colliers
• Seller's Representative: Virgilio Fernandez - Colliers

Virgilio Fernandez represented the seller in this all-cash transaction, while Mitash Kripalani represented the buyer. The deal was notable for its performance relative to recent comparable sales in the area, showcasing the capability of the Colliers team to achieve value for their clients. The property is situated in Allapattah, an area undergoing significant transformation and attracting interest from both local and institutional investors.