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2200 Northwest 2nd Avenue

Moishe Mana Of Mana Common Acquires 0.7 Acre Development Site In Miami For $25.5M
SOLDDevelopment Site

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

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:

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.

Players

Ari Dispenza

Central Commercial Real Estate

Broker

$56.5M

vol

3 deals

Broker
Central Commercial Real Estate
Central Commercial Real EstateBrokerage

Moishe Mana

Mana Common

Buyer

$869.1M

vol

27 deals

Buyer

Benjamin Atkins

Abingdon Square Partners

Seller

$211.8M

vol

8 deals

Seller

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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93