Updated Oct 1, 2025
Moishe Mana Of Mana Common Acquires 0.7 Acre Development Site In Miami For $25.5M
2200 Northwest 2nd Avenue
$25,500,000
Building Size
—
Asset Type
Development Site
Closing
Sep 29, 2025
About this deal
AI
The development site located at 2200-2230 Northwest 2nd Avenue & 224 Northwest 22nd Terrace in Miami spans 0.7 acres and was recently sold for $25,500,000. The site is approved for a five-story mixed-use project, aligning with current development trends in the area.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $25,500,000
- Buyer: Moishe Mana - Mana Common
- Seller: Benjamin Atkins - Abingdon Square Partners
- Broker: Ari Dispenza - Central Commercial Real Estate
Moishe Mana is adding to his already significant presence in Wynwood with this acquisition, planning to maintain the site as a business center in relation to his larger portfolio in the district. Benjamin Atkins represented Abingdon Square Partners in this transaction.
On the Map
$25,500,000
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93