Peter Serpico Purchases Development Site In Pompano Beach From Julian Mancinelli For $1.89M
SOLD
$1,894,737
Florida
See Similar DealsDevelopment Site
Sold 01/06/2026
SOLD
Peter Serpico Purchases Development Site In Pompano Beach From Julian Mancinelli For $1.89M
3214 Southeast 11th Street
See Similar DealsDevelopment Site
Sold 01/06/2026
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
3214 Southeast 11th Street is a development site located in Pompano Beach. The property was sold for $1,894,737.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,894,737
- Buyer: Peter Serpico
- Seller: Julian Mancinelli
- Brokers: Robin Perez & Elior Levi - Fausto Commercial Realty Consultants
- Date of Sale: 01/06/2026
Robin Perez and Elior Levi represented Fausto Commercial Realty Consultants in this transaction, which focuses on seller-side representation and value-driven marketing of development properties across Miami. The firm provides advisory services from raw land to fully entitled projects.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,052.64
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,731.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,982.02
Annual Debt Service$107,784.24
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