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Mallory Kauderer Sells Development Site In Miami For $5.8M

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SOLD
$5,800,000

Florida

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Development Site43,500 SF
Sold 06/01/2022
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SOLD

Mallory Kauderer Sells Development Site In Miami For $5.8M

330 Northeast 71st Street, Miami, Florida 33138, United States

See Similar Deals
Development Site43,500 SF
Sold 06/01/2022
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$133
Total Square Footage:43,500 SF
Transaction Type:Sale

A development site in Miami, located at 330, 320, 300 NE 71st Street, 7001, 7031 NE 3rd Ave & 315 NE 70th Street, has been sold for $5,800,000. The property was sold by Mallory Kauderer and the transaction was facilitated by Morgan Blittner of Brown Harris Stevens Miami. The development site spans approximately 43,500 square feet and has a price per buildable square foot (PPBSF) of $133.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $5,800,000
  • Address: 330, 320, 300 NE 71st Street, 7001, 7031 NE 3rd Ave & 315 NE 70th Street
  • Market: Miami
  • Seller: Mallory Kauderer
  • Broker: Morgan Blittner - Brown Harris Stevens Miami
  • BSF: 43,500 square feet
  • PPBSF: $133

Morgan Blittner, representing Brown Harris Stevens Miami, assisted in the sale of this development site situated in Miami. The transaction showcases the strong demand for development opportunities in the area, with a price per buildable square foot of $133. The involvement of experienced brokers like Morgan Blittner highlights the expertise needed to navigate successful property sales in the Miami market.

Players

Morgan Blittner
9 deals$66.3M volume(305) 710-3704
BROKER

Details

SOLD
IMAGE: Morgan Blittner DATE: 06/01/2022 ADDRESS: 330, 320, 300 NE 71st Street, 7001, 7031 NE 3rd Ave & 315 NE 70th Street MARKET: Miami ASSET TYPE: Development Site SELLER: Mallory Kauderer BROKER: Morgan Blittner (@MorganBlittner) - Brown Harris Stevens Miami (@BHSMiamiOfficial) SALE PRICE: $5,800,000 BSF: 43,500 ~ PPBSF: $133

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51