Eddie J. Hidary And Steven Hidary Acquire Development Site In North Miami Beach For $10.15M
SOLD
$10,150,000
+ 1
Florida
See Similar DealsDevelopment Site50 SF
Sold 05/12/2022
SOLD
Eddie J. Hidary And Steven Hidary Acquire Development Site In North Miami Beach For $10.15M
1700 Northeast 164th Street
See Similar DealsDevelopment Site50 SF
Sold 05/12/2022
+ 1
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$203,000
Total Square Footage:50 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$541,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,060.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,116.18
Annual Debt Service$577,394.14
Is there something missing? Send suggestions