Updated Jan 2, 2026
Alexandros Tsoulfas Of STL Commercial Sells Development Site In Miami For $3.45M
7424 Northeast 2nd Avenue
$3,450,000
$136/SF
Building Size
25,332 SF
Asset Type
Development Site
Closing
Dec 28, 2025
About this deal
AI
The development site, located at 7424 Northeast 2nd Avenue in the Miami market, was sold for a total price of $3,450,000. The site spans approximately 25,332 square feet, translating to a price per square foot of $136.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,450,000
- Square Footage: 25,332
- Price per Square Foot: $136
- Address: 7424 Northeast 2nd Avenue
- Market: Miami
- Broker: Alexandros Tsoulfas - STL Commercial
Alexandros Tsoulfas represented the seller in this transaction, facilitating the sale of the property within the Miami market.
On the Map
$3,450,000
$136/SF
Development Site
View full map
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Alexandros (Alex) Tsoulfas to view all their deals.
Browse Miami development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93