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
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