BF Group Acquires Development Site In Coral Gables For $4.17M
SOLD
$4,170,000
Florida
See Similar DealsDevelopment Site18,748 SF
Sold 11/19/2019
SOLD
BF Group Acquires Development Site In Coral Gables For $4.17M
4601 Southwest 42nd Avenue
See Similar DealsDevelopment Site18,748 SF
Sold 11/19/2019
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$222
Total Square Footage:18,748 SF
Transaction Type:Sale
An $4,170,000 development site located at 4601 Le Jeune Road in Coral Gables has been sold. The property, with a market value of $222 per square foot, spans a total of 18,748 square feet.
Summary of Transaction Details:
- Property Type: Development site
- Transaction Amount: $4,170,000
The seller of the property is Gables Residential, while the buyer is BF Group, represented by Jose Boschetti and Luis Boschetti. The transaction was facilitated by Maurice Boschetti of BH Realty.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$222,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,815.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,767.93
Annual Debt Service$237,215.13
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