Lissette Calderon Acquires Allapattah Development Site For $3.6M
1470 NW 36th St, Miami, FL 33142, USA
$3,600,000
$901/SF
Building Size
3,992 SF
Asset Type
Development Site
Closing
Jun 11, 2020
AI
The development site located at 1470 NW 36th St in Allapattah has been sold for a price of $3,600,000. The buyer of the property is Lissette Calderon, who represents Neology Life Development Group. The site comes with approved plans in place to build 237 units.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $3,600,000
- Address: 1470 NW 36th St
- Market: Allapattah
Lissette Calderon, from Neology Life Development Group, played a key role as the buyer's representative in this deal.
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93