Updated Sep 9, 2024
Berkshire Hathaway HomeServices Acquires Development Site In Miami Beach For $10.4M
415 E Rivo Alto Dr Miami Beach, FL 33139, USA
$10,447,000
$995/SF
Building Size
10,500 SF
Asset Type
Development Site
Closing
Jun 30, 2023
About this deal
AI
Located at 415 East Rivo Alto Drive in Miami Beach, this development site was recently sold in a closed transaction. The property offers a total of 10,500 square feet of space, with a price per square foot of $995. The sale price for this transaction was $10,447,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,447,000
- Address: 415 East Rivo Alto Drive, Miami Beach
- Market: Miami Beach
- Buyer's Representative: Judith "Judy" Zeder & Juliana Savoia - Coldwell Banker
- Seller's Representative: David Hunt Solomon & Jacqueline Oliva - Berkshire Hathaway HomeServices
Judith "Judy" Zeder and Juliana Savoia from Coldwell Banker represented the buyer in this transaction, while David Hunt Solomon and Jacqueline Oliva from Berkshire Hathaway HomeServices represented the seller. The deal was successfully closed on June 30, 2023.
On the Map
$10,447,000
$995/SF
Development Site
View full map
Players
Miami Beach 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
1.52%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93