Gabriel And Joseph Ammar Of The Ammar Group Sell Development Site In Miami For $16 Million

The property asset involved in this transaction is a development site located at 2600 NE 203rd St, Miami, FL. The site was sold for $16,000,000, with a buildable square footage (BSF) of 97,911 and a price per buildable square foot (PPBSF) of $163. The total square footage (SF) is 58,865, with a price per square foot (PPSF) of $271. The development will feature 195 residential units, 107,000 square feet of office space, and 17,000 square feet of ground-floor retail space.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,000,000
• Address: 2600 NE 203rd St
• Market: Miami, FL
• BSF: 97,911
• PPBSF: $163
• SF: 58,865
• PPSF: $271
• Seller: Gabriel & Joseph Ammar - The Ammar Group
• Brokers: Barrett Wolf & Josh Slovin - Wolf Co Real Estate

The key individuals and companies involved in this transaction include Gabriel and Joseph Ammar, who are leading The Ammar Group in financing, investing, and developing real estate projects in South Florida. Wolf Co Real Estate, represented by brokers Barrett Wolf and Josh Slovin, facilitated the sale of this off-market development site.