S. Bruce Beattie & Beverly E Beattie Sell Development Site In Ponce-Davis, Miami For $1.54M
5400 Southwest 80th Street, Miami, FL, USA
$1,540,000
$458/SF
Building Size
3,362 SF
Asset Type
Development Site
Closing
Apr 21, 2021
AI
A development site located at 5400 SW 80 Street in the Ponce-Davis neighborhood of Miami has been sold. The property, which spans 43,560 square feet, was sold on April 22, 2021, for a price of $1,540,000. The sale price translates to a price per buildable square foot (PPBSF) of $35.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,540,000
- Address: 5400 SW 80 Street, Ponce-Davis, Miami
- Built Square Feet (BSF): 43,560
- Price per Buildable Square Foot (PPBSF): $35
Geraldine Hidalgo from Douglas Elliman represented the seller, S. Bruce Beattie & Beverly E Beattie, in this transaction.
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
10.30%
Cash-on-Cash
-2.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93