Igal Haimov, Aaron Haimov & Levi Haimov Acquire Development Site In Miami For $11M
17300 Northwest 7th Avenue Road, Miami, Florida 33169, United States
$11,000,000
$69/SF
Building Size
158,787 SF
Asset Type
Development Site
Closing
Feb 28, 2022
AI
A development site located at 17300 NW 7TH Avenue Road in Miami has been sold for a total price of $11,000,000. The property spans a total square footage of 158,787 and was sold at a price per square foot of $69. The asset type of the property is a development site, making it a lucrative investment opportunity.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Address: 17300 NW 7TH Avenue Road, Miami
- Square Footage: 158,787
- Price per Square Foot: $69
The buyer of the property is a group consisting of Igal Haimov, Aaron Haimov, and Levi Haimov. On the other hand, the seller is Moris Schlager. The transaction was conducted on 03/01/2022. No additional information is available about the deal's key individuals and companies involved.
Miami 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93