Mariano Bernstein Acquires Development Site In Miami From Matias Alaniz For $4.1M
3401 Northwest 25th Street
$4,100,000
$95/SF
Building Size
43,168 SF
Asset Type
Development Site
Closing
Apr 26, 2026
AI
The asset involved in this transaction is a development site located at 3401 Northwest 25th Street, Miami. The property was sold for $4,100,000, encompassing an area of 43,168 square feet, resulting in a price per square foot of $94.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,100,000
- Address: 3401 Northwest 25th Street
- Market: Miami
- Square Footage: 43,168
- Price per Square Foot: $94
- Buyer: Mariano Bernstein
- Seller: Matias Alaniz
- Broker: Manny Chamizo III - One Sotheby's International Realty
The transaction involved Mariano Bernstein as the buyer and Matias Alaniz as the seller, with Manny Chamizo III representing the buyer through One Sotheby's International Realty. This highlight of the brokerage role underscores the involvement of the real estate agency in facilitating the deal.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93