Mikhail Gurevick Acquires Land At 259 Northeast 79th Street From Richard Middah For $1.9M
259 Northeast 79th Street
$1,900,000
Building Size
—
Asset Type
Land
Closing
Sep 2, 2026
About this deal
AI
The asset involved in this transaction is a piece of land located at 259 Northeast 79th Street in the Miami market. The transaction was completed at a price of $1,900,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,900,000
- Buyer: Mikhail Gurevick
- Seller: Richard Middah
- Brokers: Vicente Rodriguez & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
- Date of Transaction: 09/02/2026
The transaction featured the professional representation of Vicente Rodriguez and Carlos Fausto Miranda, who serve as brokers from Fausto Commercial Realty Consultants. They facilitated the deal between buyer Mikhail Gurevick and seller Richard Middah.
On the Map
$1,900,000
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93