Updated Jul 6, 2026
SOLDDevelopment Site
Moishe Mana Acquires 2.5-Acre Development Site In Miami For $21.8 Million From Benjamin Atkins
2055 Northwest 7th Avenue
$21,800,000
Building Size
—
Asset Type
Development Site
Closing
Jul 1, 2026
About this deal
AI
Moishe Mana acquired a 2.5-acre development site located at 2055 Northwest 7th Avenue in the Allapattah neighborhood of Miami, FL for $21.8 million. The property consists of a 17-parcel assemblage and was previously owned by Allapattah East LLC, led by Benjamin Atkins.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $21,800,000
- Buyer: Moishe Mana - Mana Common
- Seller: Benjamin Atkins - Abingdon Square Partners
- Broker: Ari Dispenza - Central Commercial Real Estate
Ari Dispenza represented the seller, Benjamin Atkins, in this transaction, facilitating the sale of the property to Moishe Mana, who is associated with Mana Common.
On the Map
$21,800,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93