Alex K. Tsoulfas, Vincent Pastore & Jamie Rose Maniscalco Acquire Development Site In Edgewater/Wynwood Gateway For $12.5M
2728 Northeast 2nd Avenue, Miami, FL 33137, USA
$12,500,000
Building Size
—
Asset Type
Development Site
Closing
Nov 18, 2021
AI
A development site located at 2728 NE 2nd Ave in Edgewater, Wynwood Gateway has been sold for $12,500,000. The property was sold by Stripey Development.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $12,500,000
- Address: 2728 NE 2nd Ave
- Market: Edgewater, Wynwood Gateway
The buyer of the property was represented by Alex K. Tsoulfas, Vincent Pastore, and Jamie Rose Maniscalco from Land Deals APEX Capital Realty. The seller was represented by Juan Martinez from Metro Consulting and Management.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93