Alex Bahrami Acquires Development Site On Miami River For $3M

A development site located at 654 Northwest North River Drive in Miami has been sold for $3 million. The site spans 14,892 square feet, with a price per square foot of $201. Virgilio Fernandez and Mitash Kripalani from Colliers International represented the sellers, Conrad De Armas, in this transaction. The buyer, Alex Bahrami, plans to develop luxury condos or townhouses on the site.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Address: 654 Northwest North River Drive, Miami
• Square Footage: 14,892 SF
• Price per Square Foot: $201

This successful sale was facilitated by Colliers International and garnered multiple high-priced offers. Virgilio Fernandez and Mitash Kripalani represented the sellers and helped secure a beneficial record price contract. For any property acquisition or selling needs, Colliers International is ready to provide assistance and support.