Nathalie Miranda Acquires Development Site In Pinecrest From Lorraine Fuentes For $3.6M
5865 Southwest 102nd Street, Pinecrest, Florida 33156, United States
$3,600,000
$1,002/SF
Building Size
3,591 SF
Asset Type
Development Site
Closing
May 30, 2022
AI
A development site located at 5865 SW 102nd St in Pinecrest has been sold for a price of $3,600,000. The buyer of the property is Nathalie Miranda, while the seller is Lorraine Fuentes. The transaction was facilitated by Michael A. Diaz from Miami Brokers Group.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $3,600,000
- Address: 5865 SW 102nd St
- Market: Pinecrest
This sale marks the highest sold price for a buildable lot in Pinecrest, according to a note from broker Michael A. Diaz.
Pinecrest 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93