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630 NE 80 St, Miami, Florid...

Daniel Ades Purchases Development Site In Miami For $1.15M
SOLDDevelopment Site

Daniel Ades Purchases Development Site In Miami For $1.15M

630 NE 80 St, Miami, Florida 33138, United States

$1,150,000

$83/SF

Building Size

13,860 SF

Asset Type

Development Site

Closing

Jun 27, 2022

AI

A development site located at 630-640 NE 80 Street in Miami has been sold for a total price of $1,150,000. The property spans 13,860 square feet, and the price per square foot was $83. The transaction took place on June 28, 2022.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,150,000
  • Address: 630-640 NE 80 Street, Miami
  • Market: Miami
  • Buyer: Daniel Ades
  • Seller: Robert Berkson
  • Buyer's Representative: Jamie Rose Maniscalco - APEX Capital Realty
  • Seller's Representative: Peter Dacko - Media Realty

Jamie Rose Maniscalco of APEX Capital Realty represented the buyer, Daniel Ades, in this transaction. Peter Dacko from Media Realty acted as the seller's representative, representing Robert Berkson. Both parties successfully closed the deal on June 28, 2022.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
APEX Capital Realty
APEX Capital RealtyBrokerage

Robert Berkson

Seller

$8.9M

vol

3 deals

Seller

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93