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1101 NE 83rd St, Miami, FL,...

Updated Dec 21, 2023

Wendy Sanchez & Brian Carter, P.A., MBA, CCIM Close Miami Package Deal For $3.9M
SOLDDevelopment Site

Wendy Sanchez & Brian Carter, P.A., MBA, CCIM Close Miami Package Deal For $3.9M

1101 NE 83rd St, Miami, FL, USA

$3,900,000

$108/SF

Building Size

36,000 SF

Asset Type

Development Site

Closing

Mar 9, 2021

About this deal

AI

A package deal consisting of three properties located at 1101 NE 83rd St, 1121 NE 83rd St, and 1131 NE 83rd St in Miami has been sold. The deal was facilitated by Wendy Sanchez of Charles Rutenberg Realty Inc. and Brian Carter of Douglas Elliman Florida. The properties were listed for an asking price of $3,900,000 and were ultimately sold at the same price. The total square footage of the package deal is 36,000, resulting in a price per square foot of $108.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $3,900,000
  • Address: 1101 NE 83rd St, 1121 NE 83rd St & 1131 NE 83rd St, Miami
  • Market: Miami
  • Broker: Wendy Sanchez - Charles Rutenberg Realty Inc.
  • Broker: Brian Carter - Douglas Elliman Florida

The sale of these properties highlights the successful collaboration between Wendy Sanchez of Charles Rutenberg Realty Inc. and Brian Carter of Douglas Elliman Florida. Through their efforts, the package deal was closed at the desired price of $3,900,000. This transaction showcases their expertise and ability to effectively navigate the Miami real estate market.

Players

Wendy Sanchez

Charles Rutenberg Realty

Broker

$87.3M

vol

17 deals

Broker

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $108 per square foot on a published $3.9M for 36,000 square feet (2021).

Visit Wendy Sanchez to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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