Updated Sep 9, 2026
Fermin Alvarez Purchases Development Site In Miami From Robert C. Stebbins Jr. For $1.48M
410 Northeast 52nd Terrace
$1,480,000
$1,125/SF
Building Size
1,315 SF
Asset Type
Development Site
Closing
Aug 31, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 410 Northeast 52nd Terrace in Miami. The sale was finalized at a price of $1,480,000, encompassing a total square footage of 1,315 with a price per square foot of $1,125.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,480,000
- Address: 410 Northeast 52nd Terrace
- Market: Miami
- Buyer: Fermin Alvarez
- Seller: Robert C. Stebbins Jr.
- Brokers: Brandon Miguel & Jordy Perez - Cash4Keys
- Square Footage: 1,315
- Price per Square Foot: $1,125
In this transaction, Fermin Alvarez acquired the property from Robert C. Stebbins Jr., with the representation provided by brokers Brandon Miguel and Jordy Perez from Cash4Keys. Cash4Keys South Florida is actively involved in acquiring investment properties across South Florida, focusing on off-market deals and development opportunities.
Players
Miami 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
10.72%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93