BH Group Acquires Development Site In North Miami Beach For $11M
2261 Northeast 164th Street, North Miami Beach, Florida 33162, United States
$11,000,000
$309/SF
Building Size
35,538 SF
Asset Type
Development Site
Closing
Aug 14, 2022
AI
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
North Miami Beach 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93