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Biscayne Companies Acquires Development Site In Allapattah For $2.65M

Property Image
SOLD
$2,650,000
Dominic Rivera
Jorge Cruz
Agustin Duarte
+ 2

Florida

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Development Site28,750 SF
Sold 06/30/2022
the dealplayerscompscontact
Property Image
SOLD

Biscayne Companies Acquires Development Site In Allapattah For $2.65M

3061 Northwest 36th Street, Miami, Florida 33142, United States

See Similar Deals
Development Site28,750 SF
Sold 06/30/2022
Dominic Rivera
Jorge Cruz
Agustin Duarte
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$92
Total Square Footage:28,750 SF
Transaction Type:Sale

A development site located at 3061 NW 36th St in the Allapattah market has been sold for a price of $2,650,000. The property spans 28,750 square feet and has a price per square foot of $92. The transaction took place on 06/30/2022.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,650,000
  • Address: 3061 NW 36th St
  • Market: Allapattah
  • Square Footage: 28,750
  • Price per Square Foot: $92

The buyer of the property is Biscayne Companies, represented by Kenneth Fantes from Pine River Realty. The seller is Maurice Egozi from Miami Pointe Group. The buyer's representatives are Dominic Rivera and Jorge Cruz from Remax360 Real Estate, while the seller's representative is Agustin Duarte, also from Remax360 Real Estate.

Players

Agustin Duarte
Re/Max
Agustin Duarte
25 deals$89.7M volume
BROKER
Jorge Cruz
Re/Max
Jorge Cruz
5 deals$24.7M volume
BROKER
Dominic Rivera
Dominic Rivera
9 deals$31M volume
BROKER
KF
Kenneth Fantes
3 deals$8.1M volume
BUYER
ME
Maurice Egozi
2 deals$5.2M volume
SELLER

Details

SOLD
IMAGE: Jorge Cruz, Dominic Rivera & Agustin Duarte DATE: 06/30/2022 ADDRESS: 3061 NW 36th St MARKET: Allapattah ASSET TYPE: Development Site BUYER: Biscayne Companies (@BiscayneCo) - Kenneth Fantes (@Kfantes) SELLER: Maurice Egozi - Miami Pointe Group BUYER'S REP: Dominic Rivera - Pine River Realty (@PineRiverRealty) SELLER'S REP: Agustin Duarte (@MagicCityCommercial) & Jorge Cruz (@Jorge_TheCruzTeam) - Remax360 Real Estate (@Remax360RealEstate) SALE PRICE: $2,650,000 BSF: 143,000 ~ PPBSF: $19 SF: 28,750 ~ PPSF: $92

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

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22