facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

169 Northeast 27th Street, ...

Trilogy Real Estate Group Acquires Development Site In Miami For $12.5M
SOLDDevelopment Site

Trilogy Real Estate Group Acquires Development Site In Miami For $12.5M

169 Northeast 27th Street, Miami, FL, USA

$12,500,000

Building Size

Asset Type

Development Site

Closing

Dec 5, 2021

AI

A development site in Miami has been sold for $12,500,000. The property, located at 169 Northeast 27th Street, 2728 Northeast Second Avenue, and 166 Northeast 28th Street, spans approximately 0.7 acres. The transaction took place on 12/06/2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $12,500,000
  • Address: 169 Northeast 27th Street, 2728 Northeast Second Avenue, and 166 Northeast 28th Street, Miami
  • Market: Miami
  • Buyer: Trilogy Real Estate Group - Neil Gehani
  • Seller: Stripey Development
  • Buyer's Representative: Alex Tsoulfas & Vincent Pastore - Apex Capital Realty
  • Seller's Representative: Juan Martinez - Metro Consulting & Management

The buyer's representatives in this deal were Alex Tsoulfas & Vincent Pastore from Apex Capital Realty. On the other side, Juan Martinez represented the seller, Stripey Development.

Players

Vincent Pastore

APEX Capital Realty

Broker

$69.2M

vol

4 deals

Broker
Juan M Martinez
Verified Badge

Juan M Martinez

Metro Consulting & Management

Broker

$25M

vol

4 deals

Broker

Neil Gehani

Trilogy Real Estate Group

Buyer

$742.9M

vol

5 deals

Buyer
SD
Stripey DevelopmentSeller

Miami 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93