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Babba Joshua Yesharim Acquires Development Site In Miami Riverside

Property Image
SOLD
$3,450,000

Florida

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Development Site49,800 SF
Sold 10/03/2022
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Property Image
SOLD

Babba Joshua Yesharim Acquires Development Site In Miami Riverside

3440 Northwest North River Drive, Miami, Florida 33142, United States

See Similar Deals
Development Site49,800 SF
Sold 10/03/2022
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$69
Total Square Footage:49,800 SF
Transaction Type:Sale

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

28 deals$107.5M volume
BUYER

Babba Joshua Yesharim
28 deals$107.5M volume
BUYER

Babba Joshua Yesharim
28 deals$107.5M volume
BUYER

Babba Joshua Yesharim
28 deals$107.5M volume
BUYER

Babba Joshua Yesharim
28 deals$107.5M volume
BUYER

Details

SOLD
IMAGE: Babba Joshua Yesharim DATE: 10/03/2022 ADDRESS: 3440 NW N River Drive MARKET: Miami Riverside ASSET TYPE: Development Site BUYER: Babba Joshua Yesharim (@Babbajoon) SELLER: Sara Babun BROKER: Cushman & Wakefield (@CushWake) SALE PRICE: $3,450,000 BSF: 314,000 ~ PPBSF: $11 SF: 49,800 ~ PPSF: $69

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$184,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12