Amit Kort Acquires Development Site In Edgewater For $16.5M
SOLD
$16,500,000
Florida
See Similar DealsDevelopment Site
Sold 10/07/2022
SOLD
Amit Kort Acquires Development Site In Edgewater For $16.5M
234 Northeast 34th Street, Miami, Florida 33137, United States
See Similar DealsDevelopment Site
Sold 10/07/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
A development site located at 234-264 Northeast 34th Street in Edgewater has been sold for $16,500,000. The property spans approximately 1 acre and was sold on 10/07/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $16,500,000
- Address: 234-264 Northeast 34th Street
- Market: Edgewater
- Seller: David & Leila Centner
- Buyer: Amit Kort
- Broker: Rena Kliot - Pulse International Realty
Rena Kliot from Pulse International Realty represented the buyer, Amit Kort, in the transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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