Redevelopment Site Sold For $1.25M In Miami With Brokers Belus Brutus & Ryan Sullivan
SOLD
$1,250,000
Florida
See Similar DealsDevelopment Site3,925 SF
Sold 12/22/2025
SOLD
Redevelopment Site Sold For $1.25M In Miami With Brokers Belus Brutus & Ryan Sullivan
533 Northwest 32nd Street
See Similar DealsDevelopment Site3,925 SF
Sold 12/22/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$318
Total Square Footage:3,925 SF
Transaction Type:Sale
The property asset involved in this transaction is a redevelopment site located at 533 Northwest 32nd Street in Miami. The site covers an area of 0.16 acres and has a sale price of $1,250,000.
Summary of transation details:
- Property Type: Redevelopment Site
- Transaction Amount: $1,250,000
- Address: 533 Northwest 32nd Street
- Market: Miami
- Acres: 0.16
The deal was represented by brokers Belus Brutus and Ryan Sullivan from Kislak, highlighting the professionals involved in facilitating this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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