Updated Sep 5, 2024
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
About this deal
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.
On the Map
$3,000,000
$47/SF
Development Site
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Players
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