BZG International Acquires Development Site In Miami For $1.03M
SOLD
$1,025,000
Florida
See Similar DealsDevelopment Site8,363 SF
Sold 06/14/2020
SOLD
BZG International Acquires Development Site In Miami For $1.03M
531 Northeast 52nd Street, Miami, FL 33137, USA
See Similar DealsDevelopment Site8,363 SF
Sold 06/14/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$122
Total Square Footage:8,363 SF
Transaction Type:Sale
An 8,363 square foot development site located at 531 NE 52nd Street in Miami has been sold for $1,025,000. The property was sold on 06/14/2021. The sale price of $1,025,000 translates to a price per square foot (PPSF) of $123.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,025,000
- Date: 06/14/2021
- Address: 531 NE 52nd Street, Miami
- Market: Miami
- Asset Type: Development Site
Uccio Zecchini from BZG International and Brandon Brugal were the brokers involved in the deal representing the buyer and seller. There is no additional information available about the individuals or companies involved in the transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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