Updated Jan 24, 2025
Jader Almeida Purchases Development Site From Sebastien Dewandre For $3.8M In Miami
5900 Biscayne Boulevard
$3,800,000
$226/SF
Building Size
16,769 SF
Asset Type
Development Site
Closing
Nov 2, 2024
About this deal
AI
The property asset involved in this transaction is a development site located at 5900 Biscayne Boulevard in the Miami market. The sale price was $3,800,000, with a total square footage of 16,769, resulting in a price per square foot of $226.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,800,000
- Address: 5900 Biscayne Boulevard
- Market: Miami
- Square Footage: 16,769
- Price per Square Foot: $226
- Buyer: Jader Almeida
- Seller: Sebastien Dewandre
- Broker Representatives: Aaron Butler & Luca Singh Bhalla - Avenue Real Estate Partners
This transaction involved key individuals such as buyer Jader Almeida and seller Sebastien Dewandre, with brokerage representation provided by Aaron Butler and Luca Singh Bhalla from Avenue Real Estate Partners, indicating a structured negotiation and successful closing of the deal.
On the Map
$3,800,000
$226/SF
Development Site
View full map
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93