Diogenes Duzo Acquires Development Site In Wynwood, Miami For $1M
246 Northwest 34th Terrace, Miami, Florida 33127, United States
$1,000,000
$186/SF
Building Size
5,350 SF
Asset Type
Development Site
Closing
Oct 13, 2022
AI
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.
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