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Apex Capital Realty Brokers $30.65M Sale Of Edgewater Development Site On 2201 NE 2nd Ave

Property Image
SOLD
$30,650,000
Alexandros (Alex) Tsoulfas
Rani Hussami
Jamie Rose Maniscalco

Florida

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Development Site71,644 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Development Site71,644 SF
Sold
Alexandros (Alex) Tsoulfas
Rani Hussami
Jamie Rose Maniscalco
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$427
Total Square Footage:71644 SF
Transaction Type:Sale

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

Jamie Rose Maniscalco
The Alpha Commercial
Jamie Rose Maniscalco
53 deals$192M volume
BROKER
Rani Hussami
APEX Capital Realty
Rani Hussami
6 deals$410.7M volume
BROKER
Alexandros (Alex) Tsoulfas
STL Commercial
Alexandros Tsoulfas
25 deals$136.2M volume(305) 972-7217
BROKER

Details

SOLD
IMAGE: Rani Hussami, Alex K. Tsoulfas & Jamie Rose Maniscalco DATE: 03/21/2022 ADDRESS: 2201 NE 2nd Ave MARKET: Edgewater, Miami ASSET TYPE: Development Site BROKERS: Rani Hussami (@RaniHussamiccim), Alex K. Tsoulfas (@AlexTsoulfas) & Jamie Rose Maniscalco (@Jamie_R0se) (@Land_Deals) - APEX Capital Realty (@ApexCapitalRealty) SALE PRICE: $30,650,000 SF: 71,644 ~ PPSF: $428

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,634,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$108,892.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$145,296.64
Annual Debt Service$1,743,559.64