facebook
Traded Co logo
Submit

Toussaint Atellers Acquires Development Site In Miami For $7.6M

Property Image
SOLD
$7,600,000
Giovanni Bertolotti
+ 1

Florida

See Similar Deals
Development Site4,352 SF
Sold 09/08/2023
the dealplayerscompscontact
Property Image
SOLD

Toussaint Atellers Acquires Development Site In Miami For $7.6M

237 NE 54th St Miami, FL 33137, USA

See Similar Deals
Development Site4,352 SF
Sold 09/08/2023
Giovanni Bertolotti
+ 1
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$1,746
Total Square Footage:4,352 SF
Transaction Type:Sale

A development site located at 237 NE 54 Street in Miami has been sold for a total of $7,600,000. Spanning across 4,352 square feet, the site was acquired by Toussaint Atellers Residences, represented by William Jacome, while the seller, 54 St Investments, was represented by Henry Dow. The transaction was facilitated by brokers Giovanni Bertolotti and Carlos Fausto Miranda of Fausto Commercial Realty Consultants.

Summary of transation details

The transaction highlights the involvement of key individuals in the deal, including William Jacome representing Toussaint Atellers Residences as the buyer, and Henry Dow representing 54 St Investments as the seller. The successful completion of the transaction was made possible through the expertise and negotiation skills of brokers Giovanni Bertolotti and Carlos Fausto Miranda from Fausto Commercial Realty Consultants.

Players

Carlos Fausto Miranda
54 deals$239.3M volume(305) 431-2258
BROKER

Giovanni Bertolotti
Fausto Commercial Realty Consultants
3 deals$12M volume(786) 229-2419
BROKER


4 deals$23M volume
BUYER

2 deals$14.7M volume
SELLER

Details

SOLD
IMAGE: Giovanni Bertolotti & Carlos Fausto Miranda DATE: 09/08/2023 ADDRESS: 237 NE 54 Street MARKET: Miami ASSET TYPE: Development Site BUYER: Toussaint Atellers Residences - William Jacome SELLER: 54 St Investments - Henry Dow BROKERS: Giovanni Bertolotti (@MrGioBertolottiCRE) & Carlos Fausto Miranda - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $7,600,000 SF: 4,352 ~ PPSF: $1,746

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$405,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53