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
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