Updated Oct 29, 2024
BF Group Acquires Development Site In Coral Gables For $4.17M
4601 Southwest 42nd Avenue
$4,170,000
$222/SF
Building Size
18,748 SF
Asset Type
Development Site
Closing
Nov 19, 2019
About this deal
AI
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.
The development site sale at 4601 Southwest 42nd Avenue in Coral Gables, Florida sold for $4.2M in 2019. The building is 18,748 square feet, implying about 222 per square foot on the published price. Maurice Boschetti, Boschetti Realty Group appear on the sale alongside Boschetti Realty Group. This page is the Coral Gables, Florida file for the 4601 Southwest 42nd Avenue development site sold: pricing, party profiles, and other closed development site comps from the same Coral Gables sit in the Market section below. Filter that Coral Gables development site set by closing date to see what else sold near 4601 Southwest 42nd Avenue around 2019. Published consideration for 4601 Southwest 42nd Avenue is $4.2M, dated 2019. Cite this BF Group Acquires Development Site In Coral Gables For $4.17M sale when underwriting similar development site product around Coral Gables, Florida.
Players
Coral Gables 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
3.80%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93