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
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.
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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