facebook
Traded Co logo
Submit

Ismel Vera Buys Development Site In Miami From Walter Besser For $3.6M

Property Image
SOLD
$3,600,000
Mendel Fellig
Joshua (Josh) Kaufman

Florida

See Similar Deals
Development Site
Sold 06/20/2024
the dealplayerscompscontact
Property Image
SOLD

Ismel Vera Buys Development Site In Miami From Walter Besser For $3.6M

SW 207th Ave & SW 220th St

See Similar Deals
Development Site
Sold 06/20/2024
Mendel Fellig
Joshua (Josh) Kaufman
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

The Development Site located at Southwest 207th Avenue & Southwest 220th Street in Miami has been sold for $3,600,000. The property spans 1,742,400 square feet with a price per square foot of $2.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Address: Southwest 207th Avenue & Southwest 220th Street
  • Market: Miami
  • Buyer: Ismel Vera
  • Seller: Walter Besser
  • Brokers: Mendel Fellig & Josh Kaufman - Compass
  • BSF: 1,742,400
  • PPBSF: $2

The deal was facilitated by Mendel Fellig and Josh Kaufman from Compass, representing the buyer and seller, respectively. Ismel Vera acquired the property from Walter Besser, marking a significant transaction in the Miami real estate market.

Players

Mendel Fellig
Compass
Mendel Fellig
28 deals$201.9M volume
BROKER
Joshua (Josh) Kaufman
Compass
Joshua Kaufman
1 deal$3.6M volume(305) 989-6686
BROKER

Details

SOLD
IMAGE: Josh Kaufman & Mendel Fellig DATE: 06/20/2024 ADDRESS: Southwest 207th Avenue & Southwest 220th Street MARKET: Miami ASSET TYPE: Development Site BUYER: Ismel Vera SELLER: Walter Besser BROKERS: Mendel Fellig (@MendelFelliggroup) & Josh Kaufman (@Thelanddoctor) - Compass (@Compass) SALE PRICE: $3,600,000 BSF: 1,742,400 ~ PPBSF: $2

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04