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
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