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Charles Kushner's Kushner Companies Acquires Development Site In Edgewater Miami For $37.6M

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SOLD
$37,600,000

Florida

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Development Site66,287 SF
Sold 01/18/2022
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Property Image
SOLD

Charles Kushner's Kushner Companies Acquires Development Site In Edgewater Miami For $37.6M

1900 Biscayne Boulevard, Miami, Florida 33132, United States

See Similar Deals
Development Site66,287 SF
Sold 01/18/2022
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$567
Total Square Footage:66,287 SF
Transaction Type:Sale

Located in Edgewater, Miami, the development site at 1900 Biscayne Blvd has been sold in a closed transaction. The property offers great potential, with approximately 1,300 buildable units. The sale took place on January 18, 2022, with the buyer being Charles Kushner, representing Kushner Companies. The seller in this deal was Enrique Manhard & Partners. The transaction was facilitated by Estrella Perez from EP Realty Group. The sale price for the property was $37,635,000, and the building square footage (BSF) is 66,287, resulting in a price per building square foot (PPBSF) of $568.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $37,635,000
  • Address: 1900 Biscayne Blvd
  • Market: Edgewater, Miami
  • Buildable Units: Approximately 1,300

Charles Kushner, representing Kushner Companies, acquired the development site at 1900 Biscayne Blvd in Edgewater, Miami. The seller, Enrique Manhard & Partners, facilitated the transaction. Estrella Perez from EP Realty Group served as the broker for the deal. The property offers significant potential for development, with its large number of buildable units. The sale price of $37,635,000 indicates the value placed on this prime real estate.

Players

8 deals$201.7M volume
BROKER


Enrique Manhard
Partners
6 deals$122M volume
SELLER

Details

SOLD
IMAGE: Estrella Perez & Charles Kushner DATE: 01/18/2022 ADDRESS: 1900 Biscayne Blvd MARKET: Edgewater, Miami ASSET TYPE: Development Site ~ UNITS: 1300 (Approx.) Buildable Units BUYER: Charles Kushner - Kushner Companies SELLER: Enrique Manhard & Partners BROKER: Estrella Perez (@Estrellaperez_Miami_) - EP Realty Group SALE PRICE: $37,635,000 BSF: 66,287 ~ PPBSF: $568

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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