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250 Northeast 135th Street,...

Daniel & Grisel Abreu Acquire Development Site In North Miami For $3M
SOLDDevelopment Site

Daniel & Grisel Abreu Acquire Development Site In North Miami For $3M

250 Northeast 135th Street, North Miami, Florida 33161, United States

$3,000,000

$47/SF

Building Size

63,079 SF

Asset Type

Development Site

Closing

Feb 1, 2022

AI

The development site located at 250 NE 135 St in North Miami has been sold for $3,000,000. The property spans 63,079 square feet and was sold at a price of $48 per square foot.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,000,000
  • Square Footage: 63,079
  • Price per Square Foot: $48
  • Market: North Miami

The buyer of the property is Daniel & Grisel Abreu, while the seller is Jesus E. Flores. The deal was facilitated by Jamie Rose Maniscalco of Land Deals, who represented the buyer and seller in the transaction.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
APEX Capital Realty
APEX Capital RealtyBrokerage

Daniel Abreu

Buyer

$17.1M

vol

4 deals

Buyer

North 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93