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250 NW 36th St Miami, FL 33...

Alejandro Ruiz Acquires Development Site In Miami For $1.9M
SOLDDevelopment Site

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

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

Uccio Zecchini

BZG International

Broker

$27.1M

vol

12 deals

Broker

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