Updated Oct 14, 2026
Tom Boixel & Alex Zibi Acquire Development Site At 655 Buttonwood Lane From Felipe Grimberg For $10.3M
655 Buttonwood Lane
$10,300,000
$757/SF
Building Size
13,590 SF
Asset Type
Development Site
Closing
Sep 30, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 655 Buttonwood Lane in Miami. The sale price for the property was $10,300,000. The site encompasses a total of 13,590 square feet, with a price per square foot of $757.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,300,000
- Address: 655 Buttonwood Lane
- Market: Miami
- Square Footage: 13,590
- Price per Square Foot: $757
- Buyer: Tom Boixel & Alex Zibi
- Seller: Felipe Grimberg
- Brokers: Joel Lusky & Zalmy Shapiro - The Brokerage South Florida Real Estate
In this transaction, the buyers were represented by brokers Joel Lusky and Zalmy Shapiro from The Brokerage South Florida Real Estate, who facilitated the deal between Tom Boixel & Alex Zibi, the buyers, and Felipe Grimberg, the seller.
On the Map
$10,300,000
$757/SF
Development Site
View full map
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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93