Eyzenberg & Co Acquires Development Site In Miami-Dade County For $21.3M
4865 Northwest 7th Street, Miami, FL, USA
$21,300,000
$168/SF
Building Size
126,672 SF
Asset Type
Development Site
Closing
Apr 8, 2020
AI
A development site located at 4865 Northwest 7th Street in Miami-Dade County has been sold for a total transaction amount of $21,300,000. The property consists of 428 units with a total building square footage (BSF) of 368,000. The sale of this development site was facilitated by brokers David Eyzenberg and Robert Ginsberg of Eyzenberg & Co.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $21,300,000
- Address: 4865 Northwest 7th Street
- Market: Miami-Dade County
- BSF: 368,000
- Units: 428
The sale of this development site was mediated by David Eyzenberg and Robert Ginsberg, representing Eyzenberg & Co. They acted as brokers in the transaction, working on behalf of the buyer or seller. The Weiss Group of Companies, led by Caroline Weiss, served as the landlord for this property.
Players
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93