Alex Bahrami Acquires Development Site On Miami River For $3M | 654 Northwest North River Drive | Virgilio Fernandez, Mitash Kripalani | Development Site | Sale

Summary

Sale

FLORIDA

Development Site

14,892 sqft

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.

Players

All
3

Agents
2
Agencies
1

$172.9M Sold

$115.8M Sold

Colliers International

Details

Deal Summary

SOLD

IMAGE: Virgilio Fernandez DATE: 11/01/2023 ADDRESS: 654 Northwest North River Drive MARKET: Miami ASSET TYPE: Development Site BUYER: Alex Bahrami SELLER: Conrad De Armas BROKERS: Virgilio Fernandez (@VBoundless) & Mitash Kripalani (@Mitash) - Colliers International (@ColliersInternational) SALE PRICE: $3,000,000 SF: 14,892 ~ PPSF: $201 NOTE FROM BROKERS: We are pleased to share that Colliers has successfully facilitated the sale of a development site on the Miami River for $3 million. This sale comes after a formal listing process, which resulted in multiple high-priced offers for the area. Virgilio Fernandez represented the sellers and helped to secure a beneficial record price contract. The buyer plans to develop luxury condos or townhouses on the site. If you are looking to acquire or sell a property and need assistance in reaching your investment goals, our team is ready to have a conversation with you. Feel free to reach out to us anytime [email protected]

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Address654 Northwest North River Drive

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