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531 Northeast 52nd Street, ...

BZG International Acquires Development Site In Miami For $1.03M
SOLDDevelopment Site

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

Brandon Brugal

BZG International

Broker

$47.3M

vol

17 deals

Broker

Miami 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

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93