Updated May 13, 2025
Amit Kort Acquires Development Site In Edgewater For $16.5M
234 Northeast 34th Street, Miami, Florida 33137, United States
$16,500,000
Building Size
—
Asset Type
Development Site
Closing
Oct 6, 2022
About this deal
AI
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.
The development site sale at 234 Northeast 34th Street, Miami, Florida 33137, United States in Miami, Florida sold for $16.5M in 2022. 234 Northeast 34th Street, Miami, Florida 33137, United States is classified as Development Site on Traded. Named participants on the 234 Northeast 34th Street, Miami, Florida 33137, United States sale are Rena Kliot, David Centner. This page is the Miami, Florida file for the 234 Northeast 34th Street, Miami, Florida 33137, United States development site sold: pricing, party profiles, and other closed development site comps from the same Miami sit in the Market section below. Filter that Miami development site set by closing date to see what else sold near 234 Northeast 34th Street, Miami, Florida 33137, United States around 2022. Published consideration for 234 Northeast 34th Street, Miami, Florida 33137, United States is $16.5M, dated 2022. Cite this Amit Kort Acquires Development Site In Edgewater For $16.5M sale when underwriting similar development site product around Miami, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93