Updated Dec 19, 2023
Diego J Zorzi Acquires Development Site In Little Havana For $2.6M
1779 West Flagler Street, Miami, Florida 33135, United States
$2,600,000
$201/SF
Building Size
12,895 SF
Asset Type
Development Site
Closing
Apr 21, 2022
About this deal
AI
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.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Carlos Fausto Miranda to view all their deals.
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93