Related Group Sells Development Site At 1809 Brickell Avenue For $7.015M With Broker Adam Redolfi
1809 Brickell Avenue
$7,015,000
$2,348/SF
Building Size
2,987 SF
Asset Type
Development Site
Closing
Nov 6, 2025
AI
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
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.26%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93