Alirio Torrealba, Diego Torrealba, And Jay Roberts Acquire Development Site In North Bay Village For $30.9M
1725 John F Kennedy Causeway
$30,600,000
Building Size
—
Asset Type
Development Site
Closing
Oct 10, 2024
AI
A development site located at 1725 John F Kennedy Causeway in North Bay Village has been sold. The property was acquired for a total price of $30,900,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $30,900,000
- Buyer: Alirio Torrealba, Diego Torrealba & Jay Roberts
- Buyer's Representative: Andy Daro & Troy Gordon - Compass
- Date of Sale: 10/10/2024
The deal involved key representatives Andy Daro and Troy Gordon from Compass, who facilitated the transaction for the buyers. The sale reflects a significant involvement of experienced professionals in the real estate market.
Miami Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93