facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

237 NE 54th St Miami, FL 33...

Toussaint Atellers Acquires Development Site In Miami For $7.6M
SOLDDevelopment Site

Toussaint Atellers Acquires Development Site In Miami For $7.6M

237 NE 54th St Miami, FL 33137, USA

$7,600,000

$1,746/SF

Building Size

4,352 SF

Asset Type

Development Site

Closing

Sep 8, 2023

AI

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

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

William Jacome

Buyer

$23M

vol

4 deals

Buyer

Henry Dow

54 St Investments

Seller

$14.7M

vol

2 deals

Seller

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93