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

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SOLD
$3,900,000

Florida

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Development Site36,000 SF
Sold 03/10/2021
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Property Image
SOLD

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

1101 NE 83rd St, Miami, FL, USA

See Similar Deals
Development Site36,000 SF
Sold 03/10/2021
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$108
Total Square Footage:36,000 SF
Transaction Type:Sale

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
13 deals$55.1M volume
BROKER

Brian Carter
Douglas Elliman
1 deal$3.9M volume
BROKER

Details

SOLD
IMAGE: Sanchez & Brian Carter, P.A., MBA, CCIM DATE: 03/10/2021 ADDRESS: 1101 NE 83rd St, 1121 NE 83rd St & 1131 NE 83rd St MARKET: Miami ASSET TYPE: Package Deal BROKER: Wendy Sanchez - Charles Rutenberg Realty Inc. & Brian Carter - Douglas Elliman Florida ASKING PRICE: $3,900,000 SALE PRICE: $3,900,000 SF: 36,000 ~ PPSF: $108

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88