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Related Group Sells Development Site At 1809 Brickell Avenue For $7.015M With Broker Adam Redolfi

Property Image
SOLD
$7,015,000

Florida

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Development Site2,987 SF
Sold 11/07/2025
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Property Image
SOLD

Related Group Sells Development Site At 1809 Brickell Avenue For $7.015M With Broker Adam Redolfi

1809 Brickell Avenue

See Similar Deals
Development Site2,987 SF
Sold 11/07/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$2,348
Total Square Footage:2,987 SF
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 1809 Brickell Avenue in the Miami market. The sale price for this asset was $7,015,000, with a total square footage of 2,987, resulting in a price per square foot of $2,348.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $7,015,000
  • Address: 1809 Brickell Avenue
  • Market: Miami
  • Square Footage: 2,987
  • Price per Square Foot: $2,348
  • Seller: Related Group
  • Broker: Adam Redolfi - Alure Capital

Alure Capital, represented by Adam Redolfi, is a boutique, investor-focused real estate advisory based in Miami. The firm's approach includes senior-only execution and curated deal flow, serving ultra-high-net-worth individuals and family offices with real estate advisory and private equity development services.

Players

Adam Redolfi
Alure Capital
Adam Redolfi
10 deals$69.3M volume(786) 328-9237
BROKER
Related Group
Related Group
SELLER

Details

SOLD
IMAGE: Adam Redolfi DATE: 11/07/2025 ADDRESS: 1809 Brickell Avenue MARKET: Miami ASSET TYPE: Development Site SELLER: Related Group (@Related_Group) BROKER: Adam Redolfi (@Adamlred) - Alure Capital SALE PRICE: $7,015,000 SF: 2,987 ~ PPSF: $2,348 NOTE FROM BROKER: Alure Capital is a boutique, investor-focused real estate advisory based in Miami. We operate like a private office: senior-only execution, curated deal flow, and discretion real estate advisory and real estate private equity/development platform serving UHNWI and family offices. Senior-only execution and curated deal flow across prime condos, multifamily, and hospitality

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$374,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,922.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,254.68
Annual Debt Service$399,056.15