Updated Dec 19, 2023
Claudio R. Nigro Acquires Development Site In Miami For $1M
2390 Northwest 62nd Street, Miami, FL 33147, USA
$1,000,000
$32/SF
Building Size
31,207 SF
Asset Type
Development Site
Closing
Aug 23, 2021
About this deal
AI
A development site located at 2390 NW 62nd St in Miami has been sold for a price of $1,000,000. The transaction took place on August 23, 2021. The property spans a total of 31,207 square feet and has a price per square foot of $32. The site is suitable for development purposes.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Address: 2390 NW 62nd St, Miami
- Market: Miami
- Buyer: Claudio R. Nigro
- Seller: Babba Yesharim
- Buyer's Representative: Maria Elena Vinces - Fortune International Realty
- Seller's Representative: Virgilio Fernandez - Colliers
- Building Square Footage: 31,207
- Price per Square Foot: $32
- Number of Units: 42
The buyer in this transaction is Claudio R. Nigro. Representing the buyer is Maria Elena Vinces from Fortune International Realty. The seller, Babba Yesharim, was represented by Virgilio Fernandez from Colliers.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93