Andrew Mirmelli And Mark Alhadeff Acquire 1.02 Acres Of Land In Fort Lauderdale For $2.9M
209 Northwest 2nd Street
$2,900,000
$65/SF
Building Size
44,371 SF
Asset Type
Land
Closing
Nov 25, 2025
AI
A 1.02-acre parcel of B-3 commercial land located at 209 Northwest 2nd Street, Fort Lauderdale was sold for $2,900,000. The property encompasses a total square footage of 44,371, translating to a price per square foot of $65.36.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,900,000
- Address: 209 Northwest 2nd Street
- Market: Fort Lauderdale
- Acres: 1.02
- Square Feet: 44,371
- Price Per Square Foot: $65.36
- Buyer: Andrew Mirmelli & Mark Alhadeff
- Seller: Florida East Coast Industries
- Broker: Jaime Sturgis - Native Realty
The acquisition was facilitated by Jaime Sturgis representing Native Realty in the transaction involving Andrew Mirmelli and Mark Alhadeff as the buyers purchasing the land from Florida East Coast Industries.
Fort Lauderdale Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93