Updated Sep 9, 2024
Colby Denison Acquires Miami Development Site For $4.4M With Brokers Fabio Faerman & Sebastian Faerman
230 Northeast 33rd Street, Miami, Florida 33137, United States
$4,400,000
$318/SF
Building Size
13,800 SF
Asset Type
Development Site
Closing
Apr 11, 2022
About this deal
AI
A development site located at 230 NE 33rd St in Miami has been sold for $4,400,000. The property spans over 13,800 square feet and has a price per buildable square foot (PPBSF) of $319. The transaction took place on 04/12/2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,400,000
- Address: 230 NE 33rd St, Miami
- Market: Miami
- BSF: 13,800
- PPBSF: $319
The buyer of the property is Colby Denison, while the seller is Enrique Marcelo Seisdedos. The deal was facilitated by Fabio Faerman and Sebastian Faerman from FA Commercial.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93