Updated Oct 12, 2026
Babba Yesharim Acquires Development Site In Spring Gardens For $5.7M
678 Northwest North River Drive, Miami, FL 33136, USA
$5,700,000
$57/SF
Building Size
100,000 SF
Asset Type
Development Site
Closing
Jul 21, 2020
About this deal
AI
An development site in Spring Gardens has been sold for $5,700,000. The property, located at 678, 700, 710, 720 NW N River Drive, has a total square footage of 100,000 square feet. The sale price per buildable square foot (PPBSF) is $57. The transaction took place on July 21, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,700,000
- Address: 678, 700, 710, 720 NW N River Drive
- Market: Spring Gardens
- BSF: 100,000 square feet
- PPBSF: $57
The buyer of the property is Babba Yesharim, while the seller is Gran Ritchie. The deal was facilitated by Tomas Sulichin of Related ISG Commercial.
On the Map
$5,700,000
$57/SF
Development Site
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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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93