Updated May 12, 2025
Moishe Mana Acquires Government Centre Development Site For $6.9M
201 Southwest 1st Street, Miami, FL, USA
$6,900,000
$445/SF
Building Size
15,478 SF
Asset Type
Development Site
Closing
Feb 9, 2020
About this deal
AI
The property involved in this transaction is a development site located at 201 Southwest 1st Street in the Government Centre market. The transaction took place for a total price of $6,900,000, encompassing an area of 15,478 square feet, which translates to a price per square foot of $448.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $6,900,000
- Address: 201 Southwest 1st Street
- Market: Government Centre
- Building Square Footage: 15,478
- Price Per Building Square Foot: $448
- Buyer: @MoisheMana
- Seller: Kalback Holdings - Richard Kalback
The buyer of the development site is Moishe Mana, while the seller is Kalback Holdings, represented by Richard Kalback. This transaction highlights the engagements of the parties involved in the exchange of the property within the specified market.
Players
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93