Sunil Ahuja Acquires Development Site In Allapattah For $2.7M

A record-breaking off-market sale of a development site in the Allapattah market has been completed. The property, located at 1872, 1864 & 1826 Northwest 23rd Street, was sold for a sale price of $2,700,000. With a total square footage of 20,850, the sale resulted in a price per square foot of $129, making it the highest $/SF land sale in this sector. The buyer, Sunil Ahuja, eagerly acquired this 1.5-acre assemblage property, highlighting the premium value of land with D1 zoning in the City of Miami.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,700,000
• Square Footage: 20,850
• Price per Square Foot: $129
• Address: 1872, 1864 & 1826 Northwest 23rd Street
• Market: Allapattah

Jonathan Eismann of Gridline Properties represented both the seller, Julio De Armas, and the buyer, Sunil Ahuja, in this landmark sale. Eismann's 10+ year relationship with both parties played a crucial role in bringing this off-market deal to fruition. This transaction completes the 1.5-acre assemblage and showcases Eismann's expertise and dedication throughout the entire process. The professionalism and behavior of all parties involved in the deal were highly commendable and contributed to its successful completion.