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
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
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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