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510 NW 46 St

Updated Dec 4, 2024

Steven Ross Of Purple Door Capital Acquires Development Site In Miami For $360K
SOLDDevelopment Site

Steven Ross Of Purple Door Capital Acquires Development Site In Miami For $360K

510 NW 46 St

$360,000

$72/SF

Building Size

5,000 SF

Asset Type

Development Site

Closing

Oct 2, 2023

About this deal

AI

A development site located at 510 Northwest 46 Street in Miami has been sold in a closed transaction. The property, spanning 5,000 square feet, was sold for a price of $360,000, resulting in a price per square foot of $72.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $360,000
  • Address: 510 Northwest 46 Street, Miami
  • Market: Miami
  • Buyer: Steven Ross - Purple Door Capital
  • Date: 10/02/2023
  • Square Footage: 5,000

Steven Ross, representing Purple Door Capital, was the buyer in this transaction. Purple Door Capital, led by Steven Ross, is actively and aggressively purchasing off-market land for speculative homes, existing high-end fix and flips, as well as industrial and multi-family properties in the tri-county area. Steven Ross also expresses interest in off-market opportunities of 100 units or more in the sunbelt states. For any potential deals, Steven Ross can be reached at [email protected] or by calling 305-630-8023.

Players

Steven Ross

Purple Door Capital

Buyer

$5.2M

vol

4 deals

Buyer

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $72 per square foot on a published $360K for 5,000 square feet (2023).

Visit Steven Ross to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

44.06%

Cash-on-Cash

-12.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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