Updated Sep 5, 2024
Edgewater, Miami Development Site Sells For $6.2M With Jamie Rose Maniscalco & Alex K. Tsoulfas As Brokers
522 Northeast 34th Street, Edgewater, Miami, FL, USA
$6,200,000
$375/SF
Building Size
16,500 SF
Asset Type
Development Site
Closing
Jun 22, 2020
About this deal
AI
A development site located at 522 NE 34 St in Edgewater, Miami, was recently sold on June 22, 2021. The property spans across 0.38 acres and has a building square footage (BSF) of 16,500. The sale price for this development site was $6,200,000, resulting in a price per buildable square footage (PPBSF) of $376.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Address: 522 NE 34 St, Edgewater, Miami
- Market: Edgewater, Miami
- BSF: 16,500 sq ft
- PPBSF: $376
- Acres: 0.38
The deal was facilitated by Jamie Rose Maniscalco from Land_Deals agency and Alex K. Tsoulfas from pexCapitalRealty. They represented the buyer and seller respectively.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93