Babba Joshua Yesharim Acquires Development Site In Miami Riverside
3440 Northwest North River Drive, Miami, Florida 33142, United States
$3,450,000
$69/SF
Building Size
49,800 SF
Asset Type
Development Site
Closing
Oct 2, 2022
AI
A development site located at 3440 NW N River Drive in Miami Riverside has been sold for $3,450,000. The property spans 49,800 square feet and was sold at a price of $69 per square foot. The transaction took place on 10/03/2022 and involved Babba Joshua Yesharim as the buyer and Sara Babun as the seller. The asset type of the property is a development site, making it an attractive investment opportunity. The deal was facilitated by Cushman & Wakefield, who represented both parties in the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,450,000
- Address: 3440 NW N River Drive, Miami Riverside
- Buyer: Babba Joshua Yesharim
- Seller: Sara Babun
- Broker: Cushman & Wakefield
- Square Footage: 49,800
- Price per Square Foot: $69
The sale of this development site marks a significant acquisition for Babba Joshua Yesharim in Miami Riverside. The property's location and potential for future development make it a valuable asset. This transaction demonstrates the confidence in the market's growth and investment potential. The involvement of Cushman & Wakefield as the broker further highlights the expertise and professionalism brought to the deal.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93