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3061 Northwest 36th Street,...

Biscayne Companies Acquires Development Site In Allapattah For $2.65M
SOLDDevelopment Site

Biscayne Companies Acquires Development Site In Allapattah For $2.65M

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

$2,650,000

$92/SF

Building Size

28,750 SF

Asset Type

Development Site

Closing

Jun 29, 2022

AI

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

Broker

$89.7M

vol

25 deals

Broker

Kenneth Fantes

Biscayne Companies

Buyer

$8.1M

vol

3 deals

Buyer

Maurice Egozi

Seller

$5.2M

vol

2 deals

Seller

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93