Updated Sep 3, 2025
Valeria Seminara Purchases Development Site In North Miami From Aron Herczl For $710,000
450 Northeast 136th Street
$710,000
$27/SF
Building Size
25,740 SF
Asset Type
Development Site
Closing
Aug 27, 2025
About this deal
AI
The asset involved in the transaction is a development site located at 450 Northeast 136th Street in North Miami. The property was sold for $710,000, encompassing a total area of 25,740 square feet, resulting in a price per square foot of $27.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $710,000
- Buyer: Valeria Seminara
- Seller: Aron Herczl
- Broker: Jamie Rose Maniscalco - The Alpha Commercial
The transaction reflects the continued interest in land deals despite market challenges. Jamie Rose Maniscalco's insights highlight the demand for infill sites and the potential for development in the current market climate, indicating opportunities for those holding land or seeking ready-to-build sites.
On the Map
$710,000
$27/SF
Development Site
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Players
North 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
22.34%
Cash-on-Cash
-6.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93