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120 Northeast 23rd Street

Moishe Mana Acquires 22,140 Square Feet Of Land In Miami For $6.1M From Leonor Ortega
SOLDLand

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

Moishe Mana

Mana Common

Buyer

$976.9M

vol

34 deals

Buyer

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