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Berkshire Hathaway HomeServices Acquires Development Site In Miami Beach For $10.4M

Property Image
SOLD
$10,447,000
Jacqueline Oliva
Judith "Judy" Zeder
David Hunt Solomon
+ 1

Florida

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Development Site10,500 SF
Sold 06/30/2023
the dealplayerscompscontact
Property Image
SOLD

Berkshire Hathaway HomeServices Acquires Development Site In Miami Beach For $10.4M

415 E Rivo Alto Dr Miami Beach, FL 33139, USA

See Similar Deals
Development Site10,500 SF
Sold 06/30/2023
Jacqueline Oliva
Judith "Judy" Zeder
David Hunt Solomon
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$995
Total Square Footage:10,500 SF
Transaction Type:Sale

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

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.

Players

David Hunt Solomon
Coldwell Banker
David Hunt Solomon
29 deals$186.9M volume
BROKER
Judith "Judy" Zeder
Coldwell Banker
Judith Zeder
36 deals$755.1M volume
BROKER
Jacqueline Oliva
Coldwell Banker
Jacqueline Oliva
17 deals$113.6M volume
BROKER
Juliana Savoia
Coldwell Banker
Juliana Savoia
3 deals$41.9M volume(305) 303-4410
BROKER

Details

SOLD
IMAGE: David Hunt Solomon, Jacqueline Oliva, Judith "Judy" Zeder & Juliana Savoia DATE: 06/30/2023 ADDRESS: 415 East Rivo Alto Drive MARKET: Miami Beach ASSET TYPE: Development Site BUYER'S REP: Judith "Judy" Zeder (@Jillszedergables) & Juliana Savoia (@Jsavoiagroup) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: David Hunt Solomon (@Davidhuntsolomon) & Jacqueline Oliva (@Jacqueline.Realestate) - Berkshire Hathaway HomeServices (@Bhhsrealestate) SALE PRICE: $10,447,000 SF: 10,500 ~ PPSF: $995

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

$557,173.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,116.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,524.11
Annual Debt Service$594,289.32