Alejandro Ruiz Acquires Development Site In Miami For $1.9M
250 NW 36th St Miami, FL 33127, USA
$1,900,000
$238/SF
Building Size
7,980 SF
Asset Type
Development Site
Closing
Jun 20, 2023
AI
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.
Players
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93