Chaim Cahane & Alex Karakhanian Sell Development Site In Wynwood, Miami For $11.2M

The development site located at 2830 NW 5 Ave in Wynwood, Miami was sold for $11,200,000. The site covers a total area of 17,000 square feet, resulting in a price per square foot of $659. The property has a built space factor (BSF) of 86,000, leading to a price per built square foot (PPBSF) of $130.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,200,000
• BSF: 86,000
• PPBSF: $130
• SF: 17,000
• PPSF: $659
• Seller: Chaim Cahane & Alex Karakhanian
• Broker: Jordan Karp - Realty Company
• Date: 03/18/2022

Key individuals involved in the transaction include the sellers Chaim Cahane and Alex Karakhanian, who handled the sale of the property. The transaction was brokered by Jordan Karp, representing the Realty Company, facilitating the agreement between the parties.