Pamela Suarez Acquires Development Site In Miami For $4.95M
SOLD
Florida
See Similar DealsDevelopment Site14,040 SF
Sold 02/03/2023
SOLD
Pamela Suarez Acquires Development Site In Miami For $4.95M
2200 Sw 3 Ave
See Similar DealsDevelopment Site14,040 SF
Sold 02/03/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$352
Total Square Footage:14,040 SF
Transaction Type:Sale
A development site located at 2200 SW 3rd Ave in Miami has been sold for $4,950,000. The property spans 14,040 square feet, resulting in a price per square foot of $353.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,950,000
- Address: 2200 SW 3rd Ave, Miami
- Square Footage: 14,040
- Price per Square Foot: $353
The buyer in this transaction is Pamela Suarez, while A. Ascaso is the seller. The deal was facilitated by Sam Gaita from The Corcoran Group and Dina Goldentayer.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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