Eddie J. Hidary And Steven Hidary Acquire Development Site In North Miami Beach For $10.15M
1700 Northeast 164th Street
$10,150,000
$203,000/SF
Building Size
50 SF
Asset Type
Development Site
Closing
May 12, 2022
AI
A development site located at 1700 NE 164th St in North Miami Beach has been sold for a price of $10,150,000. The property spans a total of 50,475 square feet, resulting in a price per square foot of $201.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,150,000
- Address: 1700 NE 164th St
- Market: North Miami Beach
The buyers of the development site are Eddie J. Hidary, Steven Hidary from Hidrock, and Grupo Portland. On the other hand, the sellers are Menayed, Martin Muniz, and Christophe L. DiFalco from Grupo Portland. The deal was facilitated by brokers Miguel Pinto, Jamie Rose Maniscalco, and Thano Mazas from APEX Capital Realty.
Players
North Miami Beach 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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93