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630 NE 80th St Miami, FL 33...

Maximilliano Ingerflom Acquires Development Site In Miami For $1.26M
SOLDDevelopment Site

Maximilliano Ingerflom Acquires Development Site In Miami For $1.26M

630 NE 80th St Miami, FL 33138, USA

$1,264,000

$91/SF

Building Size

13,860 SF

Asset Type

Development Site

Closing

Jun 5, 2023

AI

A development site located at 630 - 640 NE 80 Street in Miami has been sold for a total price of $1,264,000. The property spans 13,860 square feet, resulting in a price per square foot of $91. The transaction took place on June 5, 2023, as confirmed by the available records.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,264,000
  • Square Footage: 13,860
  • Price per Square Foot: $91
  • Address: 630 - 640 NE 80 Street, Miami

Maximilliano Ingerflom has acquired the property from KINV Little River, with Daniel Ades representing the seller's interests. Jamie Rose Maniscalco from APEX Capital Realty served as the seller's representative in the deal.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker

Maximilliano Ingerflom

Buyer

$3.8M

vol

2 deals

Buyer

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

12.55%

Cash-on-Cash

-3.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93