Apex Capital Realty Brokers $4.55M Sale Of Development Site In Miami
2323 NW 36th St Miami, FL 33142, USA
$4,550,000
$129/SF
Building Size
35,257 SF
Asset Type
Development Site
Closing
Sep 1, 2023
AI
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
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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93