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209 Northwest 2nd Street

Andrew Mirmelli And Mark Alhadeff Acquire 1.02 Acres Of Land In Fort Lauderdale For $2.9M
SOLDLand

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.

Players

Jaime Sturgis

Native Realty

Broker

$243M

vol

48 deals

Broker
Florida East Coast Industries
Florida East Coast IndustriesSeller

Fort Lauderdale Land Market Snapshot

Boundary boundary · Land · Sale transactions

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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