Updated Oct 28, 2024
UOVO Acquires Development Site In Allapattah, South Miami For $4.15M
3121 Northwest 7th Avenue, Miami, FL, USA
$4,150,000
$901/SF
Building Size
4,604 SF
Asset Type
Development Site
Closing
Jul 9, 2020
About this deal
AI
A development site located at 3121 NW 7th Ave in Allapattah, South Miami has been sold for $4,150,000. The property was listed for the same price. The transaction took place on July 9, 2021, and involved UOVO, represented by Steve Gutman and Steve Novenstein, as the buyer and Babba Joshua Yesharim as the seller. The brokerage for this deal was handled by Agustin Duarte from REMAX 360.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,150,000
- Address: 3121 NW 7th Ave
- Market: Allapattah, South Miami
The deal was closed between UOVO, led by Steve Gutman and Steve Novenstein, and Babba Joshua Yesharim. Agustin Duarte from REMAX 360 served as the broker in this transaction.
On the Map
$4,150,000
$901/SF
Development Site
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Miami Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93