Silvia Coltrane And Partners Acquire Miami Beach Development Site For $18M
SOLD
$18,000,000
Florida
See Similar DealsDevelopment Site1,010 SF
Sold 05/24/2020
SOLD
Silvia Coltrane And Partners Acquire Miami Beach Development Site For $18M
71st Street & Collins Avenue, Miami Beach, FL, USA
See Similar DealsDevelopment Site1,010 SF
Sold 05/24/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$17,821
Total Square Footage:1,010 SF
Transaction Type:Sale
A development site located at 71st and Collins in Miami Beach has been sold for $18,000,000. The transaction took place on May 24, 2021. The buyer of the property is Silvia Coltrane and Partners, while the seller is Lion Financial. The deal was facilitated by Marilina Apfelbaum from MarilinaMiami and Samuel Heskiel from SammyBlueyes.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $18,000,000
- Address: 71st and Collins, Miami Beach
- Market: Miami Beach
- Buyer: Silvia Coltrane and Partners
- Seller: Lion Financial
- Brokers: Marilina Apfelbaum - MarilinaMiami, Samuel Heskiel - SammyBlueyes
The development site encompasses 200 units, resulting in a price per unit (PPU) of $90,000. This transaction indicates a significant investment in the Miami Beach market, reflecting ongoing development and growth in the area.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
Is there something missing? Send suggestions