Apex Capital Realty Brokers $30.65M Sale Of Edgewater Development Site On 2201 NE 2nd Ave
2201 Northeast 2nd Avenue, Miami, Florida 33137, United States
$30,650,000
$427/SF
Building Size
71,644 SF
Asset Type
Development Site
Closing
Mar 20, 2022
AI
The development site located at 2201 NE 2nd Ave in Edgewater, Miami has been sold for a total of $30,650,000. The property spans a total area of 71,644 square feet, resulting in a price per square foot of $428. This transaction was facilitated by Rani Hussami, Alex K. Tsoulfas, and Jamie Rose Maniscalco from APEX Capital Realty.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $30,650,000
- Address: 2201 NE 2nd Ave, Edgewater, Miami
- Market: Edgewater, Miami
Rani Hussami, Alex K. Tsoulfas, and Jamie Rose Maniscalco, representing APEX Capital Realty, played a significant role as brokers in this deal. Their expertise and commitment were instrumental in ensuring a successful transaction for all parties involved.
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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93