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Diogenes Duzo Acquires Development Site In Wynwood, Miami For $1M

Property Image
SOLD
$1,000,000

Florida

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Development Site5,350 SF
Sold 10/14/2022
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Property Image
SOLD

Diogenes Duzo Acquires Development Site In Wynwood, Miami For $1M

246 Northwest 34th Terrace, Miami, Florida 33127, United States

See Similar Deals
Development Site5,350 SF
Sold 10/14/2022
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$186
Total Square Footage:5,350 SF
Transaction Type:Sale

A land development opportunity in Wynwood, Miami has been sold for $1,000,000. Located at 246 NW 34th Terrace, the property is a development site with a lot size of 5,350 square feet. The market for this transaction was in Wynwood, Miami.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,000,000
  • Date: 10/14/2022
  • Address: 246 NW 34th Terrace, Wynwood, Miami
  • Market: Wynwood, Miami
  • Buyer: Diogenes Duzo

The buyer in this transaction is Diogenes Duzo. The broker representing the buyer is Ariel Teodoro Hollender from Compass Florida LLC. The sale price of the property was $1,000,000, with a building square footage of 5,350. The price per square foot was $187. Additionally, the property allows for 16 buildable units with no parking requirement, as long as the total floor area is less than 20,000 square feet. This opportunity is part of the new neighborhood rehabilitation district, implementing the Wynwood Norte Community Vision Plan.

Contact Ariel Hollender, Compass Florida Real Estate Advisor, for more information about this land development opportunity in Wynwood, Miami.

Players

Ariel Teodoro Hollender
Compass
Ariel Teodoro Hollender
12 deals$22.8M volume
BROKER

Details

SOLD
IMAGE: Ariel Teodoro Hollender DATE: 10/14/2022 ADDRESS: 246 NW 34th Terrace MARKET: Wynwood, Miami ASSET TYPE: Development Site BUYER: Diogenes Duzo (@MisterLoans) BROKER: Ariel Teodoro Hollender (@Ariel_Hollender) - Compass Florida LLC (@CompassFl) SALE PRICE: $1,000,000 BSF: 20,000 ~ PPBSF: $50 SF: 5,350 ~ PPSF: $187 NOTE FROM BROKER: A land development opportunity in Wynwood Norte. Featuring a 5,350 sq. ft. lot, this property allows for 16 buildable units with no parking requirement as long as the sq. ft. floor area is less than 20,000 sq. ft. This is the new neighborhood rehabilitation district – a zoning overlay district with land use and development standards calibrated to support the needs and priorities of the community, protect the unique character of the neighborhood and implement the Wynwood Norte Community Vision Plan (R-19-0472). Contact Ariel Hollender, Compass Florida Real estate advisor, specialist for Multifamily, Commercial & Residential Deals in Wynwood, Miami 🇺🇸🏁📈

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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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