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

Property Image
SOLD
$3,000,000
Jamie Rose Maniscalco
DA

Florida

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Development Site63,079 SF
Sold 02/02/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Development Site63,079 SF
Sold 02/02/2022
Jamie Rose Maniscalco
DA
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$47
Total Square Footage:63,079 SF
Transaction Type:Sale

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
Jamie Rose Maniscalco
56 deals$195.6M volume
BROKER
APEX Capital Realty
APEX Capital Realty
BROKERAGE
DA
Daniel Abreu
4 deals$17.1M volume
BUYER
DA
Daniel Abreu
4 deals$17.1M volume
BUYER

Details

SOLD
IMAGE: Jamie Rose Maniscalco DATE: 02/02/2022 ADDRESS: 250 NE 135 St MARKET: North Miami ASSET TYPE: Development Site BUYER: Daniel & Grisel Abreu SELLER: Jesus E. Flores BROKER: Jamie Rose Maniscalco (@Jamie_r0se), Land Deals (@Land_Deals) - APEX Capital Realty (@ApexCapitalRealty) SALE PRICE: $3,000,000 SF: 63,079 ~ PPSF: $48

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37