Kushner Companies Acquires Development Site In Edgewater For $20.5M
SOLD
$20,500,000
+ 3
Florida
See Similar DealsDevelopment Site32,775 SF
Sold 06/16/2020
SOLD
Kushner Companies Acquires Development Site In Edgewater For $20.5M
2000 Biscayne Boulevard, Miami, FL 33137
See Similar DealsDevelopment Site32,775 SF
Sold 06/16/2020
+ 3
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$625
Total Square Footage:32,775 SF
Transaction Type:Sale
The development site located at 2000 Biscayne Boulevard in Edgewater has been sold in a transaction that closed on June 16, 2021. The property, with a sale price of $20,500,000, was purchased by Kushner Companies, represented by Charles Kushner, Nicole Kushner Meyer, and Laurent Morali. The seller in this deal was Enrique Manhard. The asset type of the property is a development site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $20,500,000
- Address: 2000 Biscayne Boulevard, Edgewater
- Buyer: Kushner Companies - Charles Kushner, Nicole Kushner Meyer & Laurent Morali
- Seller: Enrique Manhard
- Brokers: Estrella Perez & Pascal Levy - EP Realty Group
The acquisition of the development site on 2000 Biscayne Boulevard was undertaken by Kushner Companies, with Charles Kushner, Nicole Kushner Meyer, and Laurent Morali taking the lead in the deal. Represented by Estrella Perez and Pascal Levy from EP Realty Group, Kushner Companies successfully completed the transaction for a purchase price of $20,500,000.
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)
$1,093,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,180.46
Annual Debt Service$1,166,165.50
Is there something missing? Send suggestions