Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Address: 2100 Northwest 19th Avenue
- Market: Miami
- Total Square Footage: 14,768
- Price per Square Foot: $128
- Buyer: Gaspar Garcia
- Buyer’s Representative: Yaima Blanco & Luis Martinez - Avanti Way
- Seller’s Representative: Alexandros Tsoulfas & Brian Pineiro - STL Commercial
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
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