Updated Oct 28, 2024
Moishe Mana Acquires Development Site In Allapattah For $6.2M
634 Northwest 22nd Street, Miami, FL 33127, USA
$6,200,000
$2,666/SF
Building Size
2,325 SF
Asset Type
Development Site
Closing
Sep 28, 2021
About this deal
AI
A development site located at 634 Northwest 22nd Street in Allapattah has recently been sold for a sale price of $6,200,000. The property spans approximately 1.4 acres and was transacted on September 28, 2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Address: 634 Northwest 22nd Street
- Market: Allapattah
- Acres: 1.4
The buyer of the property is Moishe Mana, while the seller is Javier Lumbreras, representing Artemundi. The deal was facilitated by Carlos Fausto Miranda from Fausto Commercial acting as the broker.
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