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Apex Capital Realty Brokers $4.55M Sale Of Development Site In Miami

Property Image
SOLD
$4,550,000
Ron Mann
Francisco Rodriguez

Florida

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Development Site35,257 SF
Sold 09/01/2023
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Property Image
SOLD

Apex Capital Realty Brokers $4.55M Sale Of Development Site In Miami

2323 NW 36th St Miami, FL 33142, USA

See Similar Deals
Development Site35,257 SF
Sold 09/01/2023
Ron Mann
Francisco Rodriguez
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$129
Total Square Footage:35,257 SF
Transaction Type:Sale

The development site located at 2323 NW 36 Street in Miami was recently sold for a transaction amount of $4,550,000. The property spans 35,257 square feet, resulting in a price per square foot of $129. This sale represents one of the highest prices paid per square foot in the area.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $4,550,000
  • Address: 2323 NW 36 Street, Miami
  • Market: Miami
  • SF: 35,257
  • PPSF: $129

The transaction was brokered by Ron Mann and Francisco Rodriguez, both representing APEX Capital Realty. The selling party, Avi Malka, was represented by Ron Mann and Francisco Rodriguez from APEX Capital Realty. Additionally, the property had previously approved plans for 114 residential units, highlighting its development potential.

Players

Francisco Rodriguez
APEX Capital Realty
Francisco Rodriguez
6 deals$27.4M volume
BROKER
Ron Mann
MCG Realty Advisors
Ron Mann
10 deals$31.6M volume(305) 490-1404
BROKER

Details

SOLD
IMAGE: Ron Mann & Francisco Rodriguez DATE: 09/01/2023 ADDRESS: 2323 NW 36 Street MARKET: Miami ASSET TYPE: Development Site SELLER: Avi Malka - 2323 Asset SELLER'S REP: Ron Mann (@Ronmann.Miami) & Francisco Rodriguez (@Frodriguez_Commercial) - APEX Capital Realty (@ApexCapitalRealty) SALE PRICE: $4,550,000 SF: 35,257 ~ PPSF: $129 NOTE FROM SELLER'S REP: With previously approved plans for 114 residential units, the $4.55 million transaction was brokered by Commercial Advisors Ron Mann and Francisco Rodriguez of Apex Capital Realty. Located at 2323 NW 36th Street, the 6-parcel assemblage represents one of the highest prices paid per square foot in the area.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$16,165.19
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