Moishe Mana Acquires 22,140 Square Feet Of Land In Miami For $6.1M From Leonor Ortega
120 Northeast 23rd Street
$6,100,000
$275/SF
Building Size
22,140 SF
Asset Type
Land
Closing
Aug 17, 2026
AI
Moishe Mana acquired 22,140 square feet of land located at 100-120 Northeast 23rd Street in Miami’s Wynwood area for $6,100,000. The property, which is currently occupied by a single-family home and duplex, is zoned T6-8-O-z, allowing for the possibility of an eight-story, 76-unit residential redevelopment.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $6,100,000
- Buyer: Moishe Mana - Mana Common
- Seller: Leonor Ortega - TBD Heather LLC
- Square Footage: 22,140
- Price Per Square Foot: $276
- Market: Miami, FL
The transaction was facilitated with the expectation that the site could potentially serve as a logistics facility for the adjacent Amazon sortation center, showcasing the flexibility in development options available to the new owner.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93