Updated May 28, 2025
IMAIM Capital Acquires Development Site From Oscar Hoyos In Miami For $1.2M
400 Northwest 32nd Street
$1,200,000
$953/SF
Building Size
1,259 SF
Asset Type
Development Site
Closing
May 15, 2025
About this deal
AI
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.
On the Map
$1,200,000
$953/SF
Development Site
View full map
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Vicente Rodriguez to view all their deals.
Browse Miami development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93