BH Group Acquires Development Site In North Miami Beach For $11M
SOLD
$11,000,000
Florida
See Similar DealsDevelopment Site35,538 SF
Sold 08/15/2022
SOLD
BH Group Acquires Development Site In North Miami Beach For $11M
2261 Northeast 164th Street, North Miami Beach, Florida 33162, United States
See Similar DealsDevelopment Site35,538 SF
Sold 08/15/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$309
Total Square Footage:35,538 SF
Transaction Type:Sale
The property involved in this closed transaction is a development site located at 2261 NE 164th St in North Miami Beach. It spans across 1.96 acres and has a total square footage of 35,538. The property was sold on August 15, 2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Price Per Square Foot: $310
- Market: North Miami Beach
The buyer in this transaction is BH Group, while the seller is Bruno Bloch. The sale price for this development site was $11,000,000 with a price per square foot of $310. Both parties successfully closed the deal, representing their respective interests.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
Is there something missing? Send suggestions