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IMAIM Capital Acquires Development Site From Oscar Hoyos In Miami For $1.2M

Property Image
SOLD
$1,200,000
Vicente Rodriguez
Robin Perez

Florida

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Development Site1,259 SF
Sold 05/16/2025
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Property Image
SOLD

IMAIM Capital Acquires Development Site From Oscar Hoyos In Miami For $1.2M

400 Northwest 32nd Street

See Similar Deals
Development Site1,259 SF
Sold 05/16/2025
Vicente Rodriguez
Robin Perez
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$953
Total Square Footage:1,259 SF
Transaction Type:Sale

The property involved in this transaction is a development site located at 400 Northwest 32nd Street in Miami. The transaction was finalized for a price of $1,200,000, encompassing a total area of 1,259 square feet, which translates to a price per square foot of $953.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,200,000
  • Address: 400 Northwest 32nd Street
  • Market: Miami
  • Square Footage: 1,259
  • Price Per Square Foot: $953
  • Buyer: IMAIM Capital
  • Seller: Oscar Hoyos
  • Broker Representatives: Robin Perez & Vicente Rodriguez - Fausto Commercial Realty Consultants

This transaction marks the third sale facilitated by Fausto Commercial Realty Consultants in Wynwood Norte during 2025. Robin Perez focuses on land development and multifamily opportunities within the Miami market.

Players

Vicente Rodriguez
Fausto Commercial Realty Consultants
Vicente Rodriguez
16 deals$63.5M volume(305) 510-6627
BROKER
Robin Perez
Fausto Commercial Realty Consultants
Robin Perez
7 deals$10.6M volume(786) 261-5393
BROKER

Details

SOLD
IMAGE: Robin Perez & Vicente Rodriguez DATE: 5/16/2025 ADDRESS: 400 Northwest 32nd Street MARKET: Miami ASSET TYPE: Development Site BUYER: IMAIM Capital SELLER: Oscar Hoyos BROKERS: Robin Perez (@_RobinPerez) & Vicente Rodriguez (@VRodr002) - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $1,200,000 SF: 1,259 ~ PPSF: $953 NOTE FROM BROKER: Fausto Commercial has facilitated its third sale in Wynwood Norte in 2025. Robin Perez specializes in land development and multifamily opportunities. If you need insights on highest and best use, market-specific data, or available development inventory, feel free to reach out: [email protected].

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
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