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3440 Northwest North River ...

Babba Joshua Yesharim Acquires Development Site In Miami Riverside
SOLDDevelopment Site

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

Babba Joshua Yesharim

Buyer

$107.5M

vol

28 deals

Buyer

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

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93