Updated Sep 5, 2024
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
About this deal
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