Keyes Company Sells Development Site In Miami For $4M
SOLD
$4,000,000
Florida
See Similar DealsDevelopment Site19,840 SF
Sold 02/15/2023
SOLD
Keyes Company Sells Development Site In Miami For $4M
1546 Sw 27th Avenue
See Similar DealsDevelopment Site19,840 SF
Sold 02/15/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$201
Total Square Footage:19,840 SF
Transaction Type:Sale
A development site located at 1546 SW 27th Avenue in Miami has been sold for $4,000,000. Spanning across 19,840 square feet, the property was transacted at a price per square foot of $202.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Square Footage: 19,840
- Price per Square Foot: $202
- Address: 1546 SW 27th Avenue, Miami
The seller of the development site was Naim Baig. The transaction was facilitated by Tony Ulloa & Marcos Macias from The Keyes Company, serving as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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