Daniel Ades Acquires Early Education Site In El Portal From Evelyn Ellenbogen For $950,000
515 Northwest 95th Street, 545 Northwest 95th Street & 9504 Northwest 5th Avenue
$950,000
$9/SF
Building Size
99,900 SF
Asset Type
Development Site
Closing
May 8, 2024
AI
The Early Education / Development Site located at 515-545 Northwest 95th Street & 9504 Northwest 5th Avenue in El Portal / Miami Shores was sold for $950,000. The property spans 33,300 square feet, amounting to a price per square foot of $29.
Summary of transaction details:
- Property Type: Early Education / Development Site
- Transaction Amount: $950,000
- Address: 515-545 Northwest 95th Street & 9504 Northwest 5th Avenue
- Market: El Portal / Miami Shores
The transaction involved Daniel Ades as the buyer and Evelyn Ellenbogen as the seller. Representing both parties in the deal were Jamie Rose Maniscalco and Steffanie Jacobson from The Alpha Commercial.
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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93