SOLDDevelopment Site
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
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.
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93