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2323 NW 36th St Miami, FL 3...

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

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

Francisco Rodriguez

APEX Capital Realty

Broker

$27.4M

vol

6 deals

Broker

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