BZG International Acquires Development Site In Miami For $1.03M
531 Northeast 52nd Street, Miami, FL 33137, USA
$1,025,000
$122/SF
Building Size
8,363 SF
Asset Type
Development Site
Closing
Jun 14, 2020
AI
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
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93