SOLDLand
2521 Northwest 1st Avenue
2521 Northwest 1st Avenue
$9,075,000
$434/SF
Building Size
20,900 SF
Asset Type
Land
Closing
Oct 27, 2026
About this deal
AI
The transaction involves a land asset located at 2521 Northwest 1st Avenue in Miami, selling for a total of $9,075,000. The land encompasses 20,900 square feet, leading to a price per square foot of $434.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $9,075,000
- Address: 2521 Northwest 1st Avenue
- Market: Miami
- Square Footage: 20,900
- Price Per Square Foot: $434
- Buyer: Thor Equities
- Seller: Bel Invest
- Brokers: Tony Arellano, Devlin Marinoff & Joe Fernandez - DWNTWN Realty Advisors
The brokers representing the parties involved in this transaction are Tony Arellano, Devlin Marinoff, and Joe Fernandez from DWNTWN Realty Advisors, facilitating the sale between Thor Equities and Bel Invest.
On the Map
$9,075,000
$434/SF
Land
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Players
Miami 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
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93