Updated Oct 28, 2024
Judah Mizrahi @Ollie_Development_LLC Acquires Development Site In Coconut Grove, Miami For $425,000
3310 Elizabeth Street, Miami, FL 33133, USA
$425,000
$467/SF
Building Size
910 SF
Asset Type
Development Site
Closing
Jun 23, 2020
About this deal
AI
A development site located at 3310 Elizabeth Street in Coconut Grove, Miami, has been sold in a recent transaction. The asset type of the property is a development site.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $425,000
- Date: 06/23/2021
- Address: 3310 Elizabeth Street
- Market: Coconut Grove, Miami
The buyer of the property is Judah Mizrahi, who is associated with Ollie Development LLC. The seller of the property is Metronomics. The transaction was facilitated by Bruce Germinsky from BGReality.
According to Judah Mizrahi, Ollie Development actively sought after this lot through a bankruptcy auction in the emerging area of Coconut Grove. They are planning to develop a high-end residential property on the site. Ollie Development is actively looking for development opportunities in the Miami area. For further information, interested parties can contact Judah at [email protected].
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
37.32%
Cash-on-Cash
-10.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93