Diego J Zorzi Acquires Development Site In Little Havana For $2.6M
SOLD
$2,600,000
Florida
See Similar DealsDevelopment Site12,895 SF
Sold 04/22/2022
SOLD
Diego J Zorzi Acquires Development Site In Little Havana For $2.6M
1779 West Flagler Street, Miami, Florida 33135, United States
See Similar DealsDevelopment Site12,895 SF
Sold 04/22/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$201
Total Square Footage:12,895 SF
Transaction Type:Sale
A development site located at 1779 W Flagler St in Little Havana has been sold for $2,600,000. The property spans 12,895 square feet and has a price per square foot of $202. The transaction took place on 04/22/2022, and the asset type is a development site in the Little Havana market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,600,000
- Address: 1779 W Flagler St
- Market: Little Havana
- Square Footage: 12,895
- Price per Square Foot: $202
The buyer of the development site is Diego J Zorzi, while the seller is Jose Luis De La Torre. Representing the buyer is Natalie Duran from Miami Dream Properties Inc., and representing the seller are Alessandro Lima and Carlos Fausto Miranda from Fausto Commercial Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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