Peter Serpico Purchases Development Site In Pompano Beach From Julian Mancinelli For $1.89M
3214 Southeast 11th Street
$1,894,737
Building Size
—
Asset Type
Development Site
Closing
Jan 5, 2026
AI
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
Pompano Beach 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
8.37%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93