Alejandro Ruiz Acquires Development Site In Miami For $1.9M
SOLD
$1,900,000
Florida
See Similar DealsDevelopment Site7,980 SF
Sold 06/20/2023
SOLD
Alejandro Ruiz Acquires Development Site In Miami For $1.9M
250 NW 36th St Miami, FL 33127, USA
See Similar DealsDevelopment Site7,980 SF
Sold 06/20/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$238
Total Square Footage:7,980 SF
Transaction Type:Sale
Located at 250 Northwest 36th Street in Miami, this development site has been sold in a closed transaction. The property spans 7,980 square feet, with a sale price of $1,900,000. The price per square foot is calculated to be $238, providing an insight into the market value.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Address: 250 Northwest 36th Street, Miami
- Market: Miami
- Buyer: Alejandro Ruiz
- Seller: Pablo Alfaro
- Brokers: George Belesis - DWNTWN Realty Advisors ; Uccio Zecchini - BZG International
Alejandro Ruiz acted as the buyer in this transaction, while Pablo Alfaro served as the seller. The deal was facilitated by two brokers, George Belesis from DWNTWN Realty Advisors and Uccio Zecchini from BZG International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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