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2100 Northwest 19th Avenue

Gaspar Garcia Purchases Development Site At 2100 Northwest 19th Avenue For $1.9M
SOLDDevelopment Site

Gaspar Garcia Purchases Development Site At 2100 Northwest 19th Avenue For $1.9M

2100 Northwest 19th Avenue

$1,900,000

$128/SF

Building Size

14,768 SF

Asset Type

Development Site

Closing

Nov 29, 2024

AI

The development site located at 2100 Northwest 19th Avenue in Miami has been sold for a transaction price of $1,900,000. The property encompasses a total square footage of 14,768, resulting in a price per square foot of $128.

Summary of transaction details:

This transaction involved prominent representatives such as Yaima Blanco and Luis Martinez, who represented the buyer, Gaspar Garcia, while Alexandros Tsoulfas and Brian Pineiro represented the seller in this development site deal.

Players

Alexandros Tsoulfas

STL Commercial

Broker

$146.4M

vol

30 deals

Broker

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93